Bank failures 2023
POSTED BY: SIGNYM
UPDATED: Wednesday, May 22, 2024 04:06
VIEWED: 1527
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FTX was one of the big ones since the last crash, fake digi crypto money
SVB collapse starts, another big one
Next comes the Collapse of Signature, Silvergate
The Nation of Switzerland is not so rich it seems, Credit Suisse a large shunk owned by Saudi who refuse to give them money
Next First Republic, Western Alliance, and PacWest
the Japanese are kinda bragging, saying been there done that we don't fall for those banking scammer trick anymore
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Switzerland Considers Nationalization Of Credit Suisse As Proposed UBS Takeunder Falters
https://www.zerohedge.com/markets/ubs-offers-buy-credit-suisse-1bn-025
-share-takeunder-cs-balks-offer
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"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
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Disney Corp is in trouble, I wonder if they're too big to fail? Have you noticed that entertainment and tech companies have been laying off thousands? These smaller banks are just going to get bought by a big bank AND, they'll get rid of the dimwits that are running them now. This story will be gone in a few days BUT, when the big tech and entertainment corps begin to collapse, that's going to be when the markets take a shit! Wells Fargo said a few weeks a go that Disney Corp may sell ESPN and ABC, I wonder if they'll go at 'fire sale' prices? ESPN like MTV is a relic of a by gone era, may be able to get it cheap.
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Quote:
Originally posted by whozit:
Disney Corp is in trouble, I wonder if they're too big to fail? Have you noticed that entertainment and tech companies have been laying off thousands? These smaller banks are just going to get bought by a big bank AND, they'll get rid of the dimwits that are running them now. This story will be gone in a few days BUT, when the big tech and entertainment corps begin to collapse, that's going to be when the markets take a shit! Wells Fargo said a few weeks a go that Disney Corp may sell ESPN and ABC, I wonder if they'll go at 'fire sale' prices? ESPN like MTV is a relic of a by gone era, may be able to get it cheap.
It's AWESOME, isn't it?
It's just like I said it would happen.
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Growing up in a Republic was nice... Shame we couldn't keep it.
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First Republic Bank Shares Crash To New Record Low, JPM's Dimon Reportedly Leading Another Rescue Effort
https://www.zerohedge.com/markets/first-republic-bank-shares-crash-new
-record-low-jpms-dimon-reportedly-leading-another
"This Just Makes No Sense": European Regulators Rush To Calm AT1 Investors After Credit Suisse Wipeout Shock
https://www.zerohedge.com/markets/just-makes-no-sense-european-regulat
ors-rush-calm-at1-investors-after-credit-suisse-coco
This, I gather, is a complicated scenario. In liquidation proceedings, creditors are paid in order: Holders if secured loans, bondholders, stockholders (preferred before common stock) and then various unsecured creditors like pension funds. Apparently in the Credit Suisse case, holders of a specific type of bond were shafted in favor of stockholders.
Bail-In: Definition and Role in a Financial Crisis
https://www.investopedia.com/terms/b/bailin.asp
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"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
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"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
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It Turns Out That JPMorgan Bought the Nickel That Turned Out to Be Stones
https://www.wsj.com/livecoverage/stock-market-news-today-03-20-2023/ca
rd/it-turns-out-that-jpmorgan-bought-the-nickel-that-turned-out-to-be-stones-whWn9TqZaksdTPcGyyAi
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Deutsche Bank drops 13% amid fresh anxiety in global banking crisis
https://nypost.com/2023/03/24/deutsche-bank-drops-13-as-market-worries
-persist/
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