2 more banks collapsing

[Rust_Cohle]

More nothing to see here, move along, it's all Drumpf's fault

 

[JackOfNoTrades]

There are a lot of things that are Trump's fault. This ain't one of them. We apparently learned nothing from the meltdown in 2008. We made the same mistakes..again..looks like even bigger this time.

 

[Rust_Cohle]

There are a lot of things that are Trump's fault. This ain't one of them. We apparently learned nothing from the meltdown in 2008. We made the same mistakes..again..looks like even bigger this time.

Yep cause now Biden wants those with good credit and big down payments to subsidize those with high risk or bad credit. Buckle up Buckaroo!

 

[JackOfNoTrades]

Yep cause now Biden wants those with good credit and big down payments to subsidize those with high risk or bad credit. Buckle up Buckaroo!

I understand the sentiment, but don't agree with the policy. When buying a house, a bad risk is a bad risk.
Better to focus on building and maintaining affordable housing.

 

[Votto]

Thoughts and prayers

 

[Esdraelon]

I saw a rumor the other day that we are witnessing the intentional destabilization of our banking system, preparatory to a planned collapse and then the attendant hyper-inflation after the dollar stops being the reserve currency.
The Fed is rolling out "testing" of the new "dollar", in the form of a CBDC in July. When CBDC is the only means of buying and selling, freedom is OVER. All that will be left is to accept full government control or total rebellion against DC.

 

[1srelluc]

There are a lot of things that are Trump's fault. This ain't one of them. We apparently learned nothing from the meltdown in 2008. We made the same mistakes..again..looks like even bigger this time.

We didn't, the fed did.....Delayed pain is all it is.....And what happens when pain is delayed?

It's usually four-fold worse.

 

[Harpy Eagle]

and now for a little context...

 

[1srelluc]

I saw a rumor the other day that we are witnessing the intentional destabilization of our banking system, preparatory to a planned collapse and then the attendant hyper-inflation after the dollar stops being the reserve currency.
The Fed is rolling out "testing" of the new "dollar", in the form of a CBDC in July. When CBDC is the only means of buying and selling, freedom is OVER. All that will be left is to accept full government control or total rebellion against DC.

The wife said she read where King's Dominion will no longer accept cash....They were supposed to do it last year.

Your dollar bills won't be good at Kings Dominion anymore. The amusement park is going completely cashless in 2022, according to their website. Starting March 12, when their 2022 season starts, they will only accept credit cards, debit cards, Apple Pay and Google Pay. The park said that's because these methods are "faster and always secure."

The reason you shouldn't take cash to Kings Dominion

Starting March 12, when their 2022 season starts, they will only accept credit cards, debit cards, Apple Pay and Google Pay.

www.wtvr.com

 

[Rust_Cohle]

and now for a little context...

View attachment 781950


View attachment 781951

PACW from 6.42 at close to after hours 2.6

WAL from 29.57 at close to after hours 21.10

You = move along nothing to see

 

[Rust_Cohle]

The wife said she read where King's Dominion will no longer accept cash....They were supposed to do it last year.

Your dollar bills won't be good at Kings Dominion anymore. The amusement park is going completely cashless in 2022, according to their website. Starting March 12, when their 2022 season starts, they will only accept credit cards, debit cards, Apple Pay and Google Pay. The park said that's because these methods are "faster and always secure."

The reason you shouldn't take cash to Kings Dominion

Starting March 12, when their 2022 season starts, they will only accept credit cards, debit cards, Apple Pay and Google Pay.

www.wtvr.com

Thats nuts! I always liked Busch Gardens better anyway

 

[Missourian]

Why are all the collapsing banks on the West Coast?

 

[Rust_Cohle]

Why are all the collapsing banks on the West Coast?

Cause democrats have a stranglehold on CA, OR and WA

 

[Winco]

Yep cause now Biden wants those with good credit and big down payments to subsidize those with high risk or bad credit.

How's that gonna work?

 

[Rust_Cohle]

How's that gonna work?

Read it for yourself

Experts outraged over Biden's new mortgage rule punishing buyers with good credit: A 'recipe for disaster'

 

[1srelluc]

Why are all the collapsing banks on the West Coast?

The left coast is full of fail....Why should the banks there be any different?

 

[Cougarbear]

There are a lot of things that are Trump's fault. This ain't one of them. We apparently learned nothing from the meltdown in 2008. We made the same mistakes..again..looks like even bigger this time.

This is what communism looks like. How do you democrats like it so far?

 

[1srelluc]

Why after hours?

I listened to Kudlow's whole show today.....Nothing about those particular banks, just overall shakiness in the banking industry.

 

[Winco]

Read it for yourself

Wow, so for the same loan, the person with Good Credit (they say 740) is STILL going to pay less than 1/2 the fees of someone with a credit score 100 less (640).

The outrage.

 

[multivita-man]

There are a lot of things that are Trump's fault. This ain't one of them. We apparently learned nothing from the meltdown in 2008. We made the same mistakes..again..looks like even bigger this time.

It's (mostly) not Trump and (mostly) not Biden's fault -- although I must point out that Biden did add extra stimulus that probably added to inflationary pressure and he did re-nominate Jay Powell. And Trump nominated Jay Powell, and Trump wanted and actively harassed Powel for negative interest rates. So there's that.

But no, this is the rest of a Federal reserve that expanded the money supply for a decade -- and not just a little bit either. It's a long thread, but the short of it is that the Federal Reserve basically tried to re-write the rulebook on economics & monetary policy.

The Fed will continue to backstop the banks that collapse, one by one. But they are going to massively expand money supply in doing so.