The Feds NEW Non Bail Out Bail Out Program As Other Banks Fail

Sunday Night Stock Futures - Looking Good for Monday.

None of the financial crooks and criminals, or banker negligence, is bothering the Stock Markets. The Federal Reserve is implementing PROTECTION programs that were developed after a big bank crashed (Washington Mutual), when Obama was elected President.

Source: www.reuters.com...

a reply to: CriticalStinker

We know they will charge the banks, which will be
passed onto customers via fees. Behind the scenes there
will be revolving door kick backs. It is pretty much a routine
they have now. 😏

a reply to: burntheships

I doubt we’ll see fees in banking.

The free banking model has kind of got us to where we are today.

You have Robinhood selling retail trade data ahead of execution to larger banks who can front run them.

You have big banks operating in investment schemes outside safe loan practice. You all remember money market accounts? They still exist, albeit not as popular, that money is invested in a broad mix of financial products.

Fees are too direct. No, if they hit the layman it will be via taxes.

Any bailout right now is abhorrent. It’s a slap to the face after 08’ and COVID which absolutely dwarfed it.

Because the timeline insists we do everything to protect the short term while postponing the inevitable.

And while I truly believe we have a historical reconciliation in store, we will survive it. It will hurt, we’ll talk about it in twenty years, but the USD is performing well against almost every currency. We fumbled COVID, and sadly we also weren’t the worst, far from.

We just have to get everyone around and agree to eat crow. But not with taxes.

Any bank about to fail, let them. Let the cards fall where they may. We haven’t had a free market in decades because we prop up businesses that should have been culled long ago.

The time is now. Let it happen. It’s not out of callous or spite, it’s because it’s the right thing and sometimes the right thing is uncomfortable.

a reply to: CriticalStinker

Can you source a Tier 1 bank that does not charge a fee?

The middle is already taxed to death pardon the expression.

This is a bail out, I can not assume the Feds will do diligence
on FTX crimes, Failed Green Deals, ETC.

Two banks just failed and The Feds rescued.
How many banks can they bail out with a non bail out?

dble post

a reply to: burntheships

Can you source a Tier 1 bank that does not charge a fee?

All of them if you meet direct deposit requirements, amount of transactions, or minimum balance.

Some are any of the above or specific guidelines, but I assure you almost anyone could meet one of those requirements and find a bank in their area that offer it.

If you’re truly in a financial dessert, usually you have a credit Union who is going to cater better to you anyways. That said, I like having a national bank so I have someone when I travel I can visit a branch if needed. But a credit union is incredible for middle class people to get good rates on loans and help the community.

The middle is already taxed to death pardon the expression.

Agreed. That’s why I’m only in favor of large tax cuts when coupled with spending cuts to boot (ideally after the books are balanced).

We’ve been bailing out people who not only circumvent taxes, but we lower them too just as a sweetener. That’s the banks and depositors in question right now. They’re the same ones who cut jobs a year after every bailout and post record quarters while doing so.

This is a bail of, I can not assume the Feds will do diligence on FTX crimes, Failed Green Deals, ETC.

FTX is done. Anyone involved would love to be in todays situation where they’re wondering how bad the haircuts are. They don’t get haircuts, they lost their money.

Keep an eye on FTX, you’ll see something you don’t see in the normal banking industry, jail sentences. And let that be a lesson. If you operate in the truly unregulated arena where all the players know it’s high risk, that’s the only time you can go to jail.

Two banks just failed and The Feds rescued.

Let them fall unless they can figure out something creative with the assets the banks have.

If a big bank wants to take a risk and come out on top let them. But if it’s not worth the risk to the free market, it’s not worth the risk to the American people.

originally posted by: CriticalStinker


We just have to get everyone around and agree to eat crow. But not with taxes.

Any bank about to fail, let them. Let the cards fall where they may. We haven’t had a free market in decades because we prop up businesses that should have been culled long ago.

Exactly who is going to eat crow. Don’t be shy, name names,

Again, two banks just failed and call it what you wish it is
propping up corruption, grift and gross incompetence.

a reply to: burntheships

Exactly who is going to eat crow. Don’t be shy, name names

The ones involved, mainly the banks.

As far as the depositors and businesses with SBV, eggs in one basket type of thing.

I know it doesn’t make sense to spread out across banks at 250k limits, some have to make hefty payroll and payables… but still, spread it out in quarters.

And yea, it still sucks, I don’t wish it on anyone (maybe a vast most), but can I have an event that costs me a quarter of my net worth at anytime? Do I just get to be bailed out?

We’ve exponentially spent more to keep bailing out the supposed cream of the crop ultra corps. Yet the purchasing power for the average American has quickly fell under the amount they get paid.

Let them fail. And we’ll have to relearn how important the financial products we consume are just like anything else.

a reply to: CriticalStinker

I agree let them fail.

It is apparently not the right time in the eyes
of the current administration.

Add another one to the non bail out bail out,

www.marketwatch.com...

First Republic.

I could only hope this is the last...I expect more to come...

a reply to: burntheships

I agree let them fail.

We always agreed here

It is apparently not the right time in the eyes of the current administration.

I’ve never believed this admin had a spine. I think it’s just a malleable figurehead.

If bailouts happen though, it will be to date the biggest blight on the left and the establishment.

So far I’ve seen tidbits that had me reserve the possibility of it not happening… but I wouldn’t doubt it. I haven’t seen an admin in my life abandon their donor class.

a reply to: CriticalStinker

I think we have seen enough to warrant investigation’s
here, though I won”t be holding my breath on it.

originally posted by: xuenchen

originally posted by: TrulyColorBlind
As someone said above, "Buckle up."

A perfect match! Thanks for adding that!

Sunday evening update 3.12.2023

Royal Bank of Canada (RBC) and PNC Financial Group both showed interest in bidding on Silicon Valley Bank on Sunday.

However, things changed after regulators showed interest in bidding on the insolvent financial institution.

FDIC auction was underway on Sunday for Silicon Valley Bank.

The final bids were due on Sunday afternoon.

RBC and PNC Financial Group backed out of talks to bid on Silicon Valley bank as regulators sought bids.

More at: www.thegatewaypundit.com...

originally posted by: ancientlight

originally posted by: v1rtu0s0
In order to "build back" you have to first destroy. In order to reset something you must first destroy it.

And then you rebuild with your new infrastructure or design. CBDCs.

People should go on mass strikes and revolts , until the criminals in goverment are made to pay for their crimes

Why even work anymore when all will be lost anyway?

[/quot


NO HOLY CRAPOLA. ,

a reply to: burntheships

watch the ones they pivot to protect mark my words the tech industry is at deep risk, china is already powering ahead of the west and the tech funding in the west is so progressive they're about to lose their shirts, this is tail end of dotcom 2.0 bubble that burst months ago, eye on the ball time.

I just got up, did they ram through the CBDC this morning? Asking for a few hungry friends who want some bugs.

originally posted by: AugustusMasonicus

I just got up, did they ram through the CBDC this morning? Asking for a few hungry friends who want some bugs.

It's crickets and chocolate covered ants from here on out.

If we had only known......

we, .....didn't listen....

originally posted by: AugustusMasonicus

I just got up, did they ram through the CBDC this morning? Asking for a few hungry friends who want some bugs.

Doubtful. It would be interesting to see a US CBDC sold to Americans after the US government warned everyone about China's CBDC and it's absolute lack of privacy.

You can track the development of CBDCs here though: www.atlanticcouncil.org...

114 countries, representing over 95 percent of global GDP, are exploring a CBDC. In May 2020, only 35 countries were considering a CBDC. A new high of 60 countries are in an advanced phase of exploration (development, pilot, or launch).

11 countries have fully launched a digital currency, and China’s pilot, which reaches 260 million people, is set to expand to most of the country in 2023. Jamaica is the latest country to launch its CBDC, the JAM-DEX.

This is interesting.

As of December 2022, all G7 economies have now moved into the development stage of a CBDC. The New York Federal Reserve’s wholesale CBDC experiment, Project Cedar, has shifted the US from research into development.

Project Cedar

Here's another CBDC tracker.
cbdctracker.org...

I'll have to look into the JAM-DEX later and see how well it's working out for Jamaica.

originally posted by: IndieA
Doubtful.

It's a little less likely than 'doubtful'. More like, 'not possible' for the simple reason that the Fed does not have a digital currency ready for launch or even close to ready.