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FinancialNews

Community for : 2.1 years

Informational news & analysis on the US financial system.

Owner: FuckShitJesus

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52
Printer goes Brrrrrrrrrrrrrrr     (files.catbox.moe)
submitted by Rotteuxx to FinancialNews 2.1 years ago (+53/-1)
61 comments last comment...
45
It only took a few hours for the criminal scum at the FED to go from "no bailouts for SVB" to creating a new term for a bailout - "Emergency Measures"     (www.washingtonpost.com)
submitted by FuckShitJesus to FinancialNews 2.1 years ago (+46/-1)
27 comments last comment...
https://www.washingtonpost.com/us-policy/2023/03/12/silicon-valley-bank-deposits/

Here comes more theft from the taxpayers to pay the criminals.

Are you not entertained?
32
"If DOGE's numbers are right, $522B—1/3 of ALL spending on Social Security each year—is fraudulent,"     (www.zerohedge.com)
submitted by FuckShitJesus to FinancialNews 2 months ago (+33/-1)
61 comments last comment...
https://www.zerohedge.com/political/might-be-biggest-fraud-history

The data shows that 20.789 million Americans are collecting social security benefits over the age of 100. Drilling down into the age buckets, benefits are still being paid out to folks over 140!

Make Guillotines Great Again, please.
21
I guess people don't like the truth - Activist investor addresses the truth about Gates at the Berkshire Hathaway shareholder meeting     (files.catbox.moe)
submitted by ParnellsUprising to FinancialNews 2.0 years ago (+22/-1)
17 comments last comment...
20
College grad vs trade school bro      (gvid.tv)
submitted by Sector2 to FinancialNews 1.2 years ago (+22/-2)
18 comments last comment...
18
The next 10 banks on the verge of collapse:     (FinancialNews)
submitted by FuckShitJesus to FinancialNews 2.1 years ago (+18/-0)
11 comments last comment...
Customers Bancorp, Inc.
First Republic Bank
Sandy Spring Bancorp, Inc.
New York Community Bancorp, Inc.
First Foundation, Inc.
Ally Financial, Inc.
Dime Community Bancshares, Inc.
Pacific Premier Bancorp, Inc.
Prosperity Bancshares, Inc.
Columbia Financial, Inc.


Buckle up, buttercup - it's about to get wicked fun out there.

https://www.msn.com/en-us/money/savingandinvesting/20-banks-that-are-sitting-on-huge-potential-securities-losses-as-was-svb/ar-AA18tAxj
18
Yellen says "no bailout for SVB", FED & FDIC consider creating new fund "to backstop deposits" (isn't that.. a bailout?)     (www.bloomberg.com)
submitted by FuckShitJesus to FinancialNews 2.1 years ago (+18/-0)
9 comments last comment...
https://www.bloomberg.com/news/articles/2023-03-12/us-discusses-fund-to-backstop-deposits-if-more-banks-fail?sref=6uww027M

Huh.. wouldn't a new fund BE a bailout?

Funny how they can say one thing but immediately do another, every single time.

Maybe these idiots should return the reserve ratio to 10%, instead of the 0% they set it to at the beginning of the coronahoax.
17
Signature Bank fails, FED & NY regulators sieze control as SVB contaigen spreads     (www.wsj.com)
submitted by FuckShitJesus to FinancialNews 2.1 years ago (+17/-0)
30 comments last comment...
17
Top US Banks, ranked by uninsured deposits     (files.catbox.moe)
submitted by FuckShitJesus to FinancialNews 2 years ago (+17/-0)
16 comments last comment...
16
Pro real estate investor discusses the California bill giving $150,000 for homeownership to illegals     (youtube.com)
submitted by Crackinjokes to FinancialNews 8 months ago (+16/-0)
12 comments last comment...
15
Citizens Bank goes bust     (www.fdic.gov)
submitted by FuckShitJesus to FinancialNews 1.5 years ago (+15/-0)
26 comments last comment...
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/citizensbank.html

Immediately changes hands to Iowa Trust & Savings Bank.

Everything is going to continue to fail upward.
14
SVB <3 BLM     (beckernews.com)
submitted by shitface9000 to FinancialNews 2.1 years ago (+14/-0)
3 comments last comment...
14
PacWest is fucked     (www.zerohedge.com)
submitted by FuckShitJesus to FinancialNews 2.0 years ago (+15/-1)
12 comments last comment...
13
Wells Fargo has liquidity problems: files for a $9.5b offering     (www.msn.com)
submitted by FuckShitJesus to FinancialNews 2.1 years ago (+13/-0)
6 comments last comment...
https://www.msn.com/en-us/money/companies/wells-fargo-files-for-9-5b-mixed-shelf-offering/ar-AA18DgvW

Couldn't happen to a nicer bunch of assholes.

Get your cash out while you can. SVB was (probably) a fluke, and it will (probably) become politically toxic to continue bailing out everyone.
13
St. Louis Fed (FRED) data: Credit card delinquencies at small banks just hit 7.51, the highest ever recorded     (fred.stlouisfed.org)
submitted by FuckShitJesus to FinancialNews 1.5 years ago (+14/-1)
14 comments last comment...
https://fred.stlouisfed.org/series/DRCCLOBS

Burn, baby, burn. The Roman Empire 2.0 is about to test how far that bread and circuses thing will last before the inevitable backlash.
12
I think I have found one of the best indicators for impending disaster at any organization.      (FinancialNews)
submitted by Crackinjokes to FinancialNews 11 months ago (+13/-1)
7 comments last comment...
11
Subprime Auto loans hit highest delinquency rates recorded since 1994     (www.zerohedge.com)
submitted by FuckShitJesus to FinancialNews 1.5 years ago (+12/-1)
15 comments last comment...
https://www.zerohedge.com/markets/subprime-auto-loan-delinquency-erupts-reaching-highest-rate-record

Subprime defaults are back, baby.

All those $1,000/m car payments and new loans being issued for people who are about to default on the previous upside down loan.. is only going to last so long in this Pedo Joe Bribem economy.
11
Nope the Dow didn't crash. Went down a few percentage points is all. Crypto is already recovering. Once again not the end of the world.     (FinancialNews)
submitted by Crackinjokes to FinancialNews 8 months ago (+11/-0)
9 comments last comment...
Quite frankly I think the only reason crypto went down so much over the weekend was that it's accessible to trade over the weekend and the New York stock exchange is not. So when the Japanese market crashed everybody got scared and thought the US market was going to crash so people sold their crypto so they would have cash in hand when their other assets went down or possibly buy some stock when it went down. But then Monday morning guess what no New York stock exchange crash. So now Bitcoin is recovering because it is now the best asset to buy for maximum short-term gain because it didn't want it or two day drop of about 15% and usually when that happens within a week it's back up to where it was. By the way crypto is still up over 50% from what it was at the beginning of the year and that makes it the best investment of all investments this year.

Nvidia is down because guess what they don't make their own chips somebody else make some and they can't sell chips they don't have and the company that makes the chips is saying there's going to be delay in the delivery which is always been a weakness of nvidia. They simply designed the chips send them to another company that makes the chips so in videos always had this vulnerability of that.

Your thoughts welcome.
10
Credit Suisse bailed out by Swiss National Bank - $54B, the grift that just keeps giving     (www.cbc.ca)
submitted by FuckShitJesus to FinancialNews 2.1 years ago (+11/-1)
6 comments last comment...
https://www.cbc.ca/news/business/credit-suisse-shares-recovering-1.6780519

Churn & burn that currency debasement, baby.

It pays to be a bank. Make all the bad bets you can, give endless bonuses to your executives, and get bailed out when you fail.

Ever tried to start a bank? Guess what - you can't unless all the others vote you in!

George Carlin put it best: "It's a big club.. AND YOU AIN'T IN IT!"
10
Republic First seized by FDIC     (www.zerohedge.com)
submitted by FuckShitJesus to FinancialNews 1 year ago (+10/-0)
7 comments last comment...
10
South Korea grapples with political turmoil amid martial law flip-flop      (www.nbclosangeles.com)
submitted by snowpeach to FinancialNews 4 months ago (+10/-0)
7 comments last comment...
9
SBF (FTX scammer) walks as DOJ begins dropping charges     (www.dailyfetched.com)
submitted by FuckShitJesus to FinancialNews 1.9 years ago (+9/-0)
1 comments last comment...
8
China's HSBC buys failed US bank SVB's UK arm for £1     (news.yahoo.com)
submitted by FuckShitJesus to FinancialNews 2.1 years ago (+8/-0)
7 comments last comment...
https://news.yahoo.com/hsbc-buys-failed-us-bank-092344231.html

China & Saudi Arabia are fighting over the scraps of the Mortgage (MBS) portfolio.
8
Credit Suisse on the brink as top investor declares no further investment into financially troubled bank     (www.zerohedge.com)
submitted by FuckShitJesus to FinancialNews 2.1 years ago (+8/-0)
0 comments...
8
Baltimore bridge collapse may cost billions, dramatically disrupt supply chains     (www.freightwaves.com)
submitted by Sector2 to FinancialNews 1 year ago (+9/-1)
6 comments last comment...