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Number of Bank Failures Increase

Big Al
March 13, 2023
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Yet another economic issue chips away at America!
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66 Comments
    Mar 13, 2023 13:21 PM

    Are YOU KIDDING ME………… is this another restart…. 🙂
    I posted some other articles and YOUR ENTIRE SYSTEM WENT BLANK

    There are 79,163 bank branches in the United States as of 2017. There is an absolute rise from zero branches in 1934, implying improved availability and extension of banking services throughout the United States. In the year 1934, there were 14,146 financial establishments. In comparison to 2017, there are only 4918 banks. As a result, the trend toward consolidation began and is now ongoing in order to benefit from large-scale operations, expertise, and a wider reach.

    Reply
    Mar 13, 2023 13:22 PM

    BE GLAD when you figure out how to work the NEW SYSTEM…………. OWL….. 🙂

    Reply
      Mar 13, 2023 13:28 PM

      AL is starting a new Job ! Him is know a Seattle Microsoft Banker when the Banks Fall you BUY and erase all evidence ! Jerry

      Reply
        Mar 13, 2023 13:30 PM

        Lol…. Ha, Ha …. Good one Franky…….. 🙂

        Reply
    Mar 13, 2023 13:24 PM

    AL ? What happened ?

    Reply
    Mar 13, 2023 13:31 PM

    LET TRY THIS AGAIN……….. 🙂
    OOTB Jerry
    11 hours ago
    In big, bold type on its website, Silicon Valley Bank bragged that 44% of U.S. venture-backed technology and healthcare IPOs YTD [year-to-date] bank with SVB.

    To put it bluntly, this was a Wall Street IPO machine that enriched the investment banks on Wall Street by keeping the IPO pipeline moving; padded the bank accounts of the venture capital and private equity middlemen; and minted startup millionaires for ideas that often flamed out after the companies went public. These are the functions and risks taken by investment banks. Silicon Valley Bank with this business model should never have been allowed to hold a federally-insured banking charter and be backstopped by the U.S. taxpayer, who was on the hook for its incompetent bank management.

    Reply
    OOTB Jerry
    11 hours ago
    This was a financial institution deployed to facilitate the goals of powerful venture capital and private equity operators, by financing tech and pharmaceutical startups until they could raise millions or billions of dollars in a Wall Street Initial Public Offering (IPO). The bank was also involved in managing the wealth of those startup millionaires or billionaires once they struck it big in an IPO.

    GATA

    Reply
    Mar 13, 2023 13:32 PM

    AL … Whats going on , what happened to the page , there were 12 comments on there , from Jerry / Franky & myself… can You post them back up. I’m not sure if i should post anymore comments , as they might go POOF.

    Reply
      Mar 13, 2023 13:37 PM

      I think the American Red Cross comment ,…..triggered the elimination ,…. must have hit a soft spot with the censor….
      Commenting about Haiti scam, definately is an issue with the cabal….

      It is ALL TIED TOGETHER………. Sheeple should have figured it out a long time ago..

      Reply
      Mar 13, 2023 13:42 PM

      The NURSE at the Retirement home must have pushed the RED BUTTON…….
      She thought OWL was talking to himself….. 🙂

      Reply
        Mar 13, 2023 13:13 PM

        Must have been the second comment about The Retirement Home.

        Reply
      Mar 13, 2023 13:43 PM

      Ha Ha ! Irishtony ! You know AL ! We Beck online the Poof Ha Ha is over nummers are gone note’s are up !

      Reply
    Mar 13, 2023 13:47 PM

    I HAVE BEEN WORKING ON TRYING TO FIX WHATEVER WAS WRONG ON TODAY’S EDITORIAL AND I FINALLY THINK THAT I DO HAVE THE CURRENT POST FIXED.

    YOU THINK THAT IS BAD CANNOT FIND THE FIRST EDITORIAL THAT WE POSTED AND IT WAS VERY GOOD.

    PLEASE TRY POSTIN ON THIS ONE SO I KNOW IF I CORRECTED ALL THE PRIOR MISTAKES AND I WILL ALSO TRY SOME OF MY OWN POSTS

    I GUESS THAT THIS IS ONE OF THOSE THINGS THAT MAKES LIFE INTERESING AND CHALLENGING.

    Reply
      Mar 13, 2023 13:29 PM

      You ‘re still doing better than senile Joe

      Reply
        Mar 13, 2023 13:07 PM

        I will take that as a compliment.

        Reply
        Mar 14, 2023 14:22 AM

        Yes Much Bitter ! Tank’s AL !

        Reply
    Mar 13, 2023 13:52 PM

    Jerry, Tony and Franky,

    Thank you very much for your prior comments. I believe that I now have all of the issues fixed. I don’t remember any comments concerning The Amercan Red Cross.

    Give me a hand so I can check all of my fixes. Great to have friends like you.

    Reply
      Mar 13, 2023 13:00 PM

      I assume that this is one of the comments that was a problem for you. It would appear that I fixed it from this end.

      Reply
    Mar 13, 2023 13:54 PM

    Stolen from the comment section over at Zerohedge , posted by . APOCALYSE WOW.

    30 minutes ago

    This is not safe you sniffing hound dog………..SELL/SHORT IT’S NOW ALL FALLING APART

    Banks and financial institutions that saw trading halted Monday :::

    AdvisorShares Trust

    Bank of Hawaii Corporation

    Charles Schwab

    Coastal Financial Corp Cm St

    Comerica

    Customers Bancorp

    East West Bancorp, Inc.

    First Horizon Corporation

    First Republic

    Huntington Bancshares

    Macatawa Bank Corporation

    Magyar Bancorp, Inc.

    Metropolitan Bank Holding Corp

    OceanFirst Financial Corp

    PacWest Bancorp

    Regions Financial Corporation

    Texas Capital

    Washington Federal, Inc.

    Western Alliance

    Zions Bancorporation

    Reply
      Mar 13, 2023 13:39 PM

      Irish,
      Is that an accurate quote from JFK? Your answer is important to me.

      Reply
        Mar 13, 2023 13:07 PM

        Hi AL . I can not be sure.

        Reply
        Mar 13, 2023 13:47 PM

        As i recall, the term “conspiracy theorist” did not appear until after the JFK assassination.

        Reply
    Mar 13, 2023 13:02 PM

    I knew, as he stole the election, senile Joe would damage the country.
    But,never in my worst nightmares could I imagine this much damage.

    And we have yet to survive a hot war with China.

    Reply
      Mar 13, 2023 13:11 PM

      CFS,

      I am not truly sure that we could survive that!

      Reply
    Mar 13, 2023 13:05 PM

    The entire political system contributed to the destroying of USofA….. of WE THE PEOPLE…
    This goes way back and the sheeple have been just to busy to understand the total
    corruption …….

    Reply
      Mar 13, 2023 13:14 PM

      Looking at the hours that my daughters put in, I have to agree with your comment.

      Reply
    Mar 13, 2023 13:08 PM

    At least we had one pleasant surprise today…..
    Somehow DB didn’t crash Europe.

    Reply
    Mar 13, 2023 13:19 PM

    Hah! Look at the idiocy coming out of the pie hole of Advil Haines…wll give you a real headache. The Chicomms must be laughing their assess off…

    https://www.zerohedge.com/political/us-intel-agencies-need-focus-intensely-diversity-equity-inclusion-intelligence-chief-says

    Reply
    Mar 13, 2023 13:24 PM

    The good news today……
    senile Joe woke up.
    Chuckles Harris, the clown, was not appointed President.

    Reply
      Mar 13, 2023 13:49 PM

      I think DeSantis is going to be found out as a BIG CON….. JMO at this point….
      I posted an article earlier,….went missing….
      concerning him trying to go around florida law,…concerning him needing to give up
      his governorship ..prior to running for president…. according to the florida law,
      can not run and be governor at the same time……

      Reply
      Mar 13, 2023 13:07 PM

      Thanks Tommy for posting the DR>…. almost miss watching it….

      Reply
    Mar 13, 2023 13:20 PM
    Mar 13, 2023 13:37 PM

    Big change on US debt clock.
    No longer federal reserve note.
    US treasury dollar Now.
    ( a non-debt instrument )

    Reply
      Mar 13, 2023 13:50 PM

      The clock will go missing next…. 🙂

      Reply
      Mar 13, 2023 13:04 PM

      That is interesting discovery….. thanks

      Reply
    Mar 13, 2023 13:44 PM

    Take your vitamin D
    https://youtu.be/-U4CD1uKnZA

    Reply
    Mar 13, 2023 13:58 PM

    SUMMARY.. THIS IS A GOOD ONE……………….article from zerohedge…
    This is the really extraordinary part of this drama………………..

    *US government bonds are supposed to be the safest, most ‘risk free’ asset in the world. But that’s totally untrue, because even government bonds can lose value^. And that’s exactly what happened.

    Most of SVB’s portfolio was in long-term government bonds, like 10-year Treasury notes. And these have been extremely volatile.

    1) US government bonds are the new “toxic security”
    Silicon Valley Bank was no Lehman Brothers. Whereas Lehman bet almost ALL of its balance sheet on those risky mortgage bonds, SVB actually had a surprisingly conservative balance sheet.

    According to the bank’s annual financial statements from December 31 of last year, SVB had $173 billion in customer deposits, yet “only” $74 billion in loans.$$$$$$$$$

    I know this sounds ridiculous, but banks typically loan out MOST of their depositors’ money. Wells Fargo, for example, recently reported $1.38 trillion in deposits. $955 billion of that is loaned out.

    That means Wells Fargo has made loans with nearly 70% of its customer’s money, while SVB had a more conservative “loan-to-deposit ratio” of roughly 42%.

    Point is, SVB did not fail because they were making a bunch of high-risk NINJA loans. Far from it.

    SVB failed because they parked the majority of their depositors’ money ($119.9 billion) in US GOVERNMENT BONDS.

    Reply
      Mar 13, 2023 13:03 PM

      2) If SVB is insolvent, so is everyone else… including the Fed.
      This is where the real fun starts. Because if SVB failed due to losses in its portfolio of government bonds, then pretty much every other institution is at risk too.

      Reply
        Mar 13, 2023 13:05 PM

        Anyone who has purchased long-term government bonds– banks, brokerages, large corporations, state and local governments, foreign institutions– are all sitting on enormous losses right now.

        THIS IS ANOTHER JAB……….

        Reply
          Mar 13, 2023 13:10 PM

          AND HERE IS THE KICKER>…………………
          What’s really ironic (and a bit comical) about this is that the FDIC is supposed to guarantee bank deposits.

          In fact they manage a special fund called Deposit Insurance Fund, or DIF, to insure customer deposits at banks across the US– including the deposits at the now defunct Silicon Valley Bank.

          But the DIF’s balance right now is only around $128 billion… versus $650 billion (and growing) unrealized losses in the banking system.

          Here’s what really crazy, though: where does the DIF invest that $128 billion? In US government bonds! So even the FDIC is suffering unrealized losses in its insurance fund, which is supposed to bail out banks that fail from their unrealized losses.

          You can’t make this stuff up, it’s ridiculous!

          Reply
          Mar 13, 2023 13:33 PM

          Just hold those bonds to maturity… you won’t lose anything. Lol. 🙂
          Backed by the full faith and credit of your bankrupt government…

          Reply
            Mar 13, 2023 13:51 PM

            ditto……… 🙂

            Mar 13, 2023 13:49 PM

            The issue is not treasury bonds. Those are the safe haven right now.
            The BIG issue is corporate bonds or junk bonds.
            These bonds are maturing, but there is zero money after they mature.
            Pension funds, insurance companies, big banks, big corporations and so on.
            The corporate bonds are the real crisis.

            The fed can’t do squat. The America first crowd in the house won’t be giving a bailout.

            It’s Game On! (let the market work it’s self out)

            Mar 14, 2023 14:20 AM

            Chartster…………… I think you might have missed the thought on the Treasury Bonds…….
            and the statements in the article….

            You should read the entire article at zerohedge….
            I posted most of the article , ….the first time, and the entire blog went down….
            so, I just posted some of the issues with the govt backing….
            If, your statement above is concerning the pension and corporate bonds… just who is going
            to bail them out…. They will be looking for the SYSTEM(federal govt) to bail them out, along
            with the State govts. I do believe.

            Here is more of the article….
            Simon Black: The Unraveling Can Happen In An Instant

            f SVB is insolvent, so is everyone else

            Fifteen years later… after countless investigations, hearings, “stress test” rules, and new banking regulations to prevent another financial meltdown,

            Point is, SVB did not fail because they were making a bunch of high-risk NINJA loans. Far from it.

            SVB failed because they parked the majority of their depositors’ money ($119.9 billion) in US GOVERNMENT BONDS.

            US government bonds are supposed to be the safest,

            Most of SVB’s portfolio was in long-term government bonds,

            f you’re not terribly familiar with the bond market, one of the most important things to understand is that bonds lose value as interest rates rise.

            SVB loaded up on long-term government bonds

            if SVB failed due to losses in its portfolio of government bonds, then pretty much every other institution is at risk too.

            new rule that banks had to pass “stress tests”,

            SVB passed its stress tests with flying colors.

            The FDIC saw Silicon Valley Bank’s dismal condition and did nothing. The Federal Reserve did nothing. Investors cheered and bid the stock up.

            the Fed was engineering a financial meltdown by raising interest rates so quickly,

            SVB is just the tip of the iceberg. There will be other casualties– not just in banks, but money market funds, insurance companies, and even businesses.

            Foreign banks and institutions are also suffering losses on their US government bonds… and that has negative implications on the US dollar’s reserve status.

            The Federal Reserve– which is the ringleader of this sad circus– doesn’t seem to understand anything either.

            In fact Fed leadership spent all of last week insisting that they were going to keep raising interest rates.

    Mar 13, 2023 13:09 PM

    The background to bank problems……

    https://youtu.be/_1g3I9qyvF8

    Reply
    Mar 13, 2023 13:49 PM

    Even the Washington Post reports that Ukraine is having these problems…
    https://www.washingtonpost.com/world/2023/03/13/ukraine-casualties-pessimism-ammunition-shortage/

    Reply
      Mar 14, 2023 14:57 AM

      I read a bit Tommy, what a pile of horse pucks that is.

      Reply
        Mar 14, 2023 14:58 AM

        Hi SF… need to ignore the anti-Russian propaganda in the story… read the parts about how much trouble Ukraine is having… with proper filtering, the only conclusion one can reach is that Ukraine is not doing well… the attempts to project Ukrainian weaknesses onto Russia is baseless BS.

        Reply
    Mar 14, 2023 14:36 AM

    The costs of putting a roof over your head remains a critical factor for The Fed to deal with:

    Feb Rent Inflation 8.76% YoY, up from 8.56% In Jan; highest on record

    Feb Shelter Inflation 8.10% YoY, up from 7.88% in Jan; highest on record

    FOOD AND SHELTER…………. basic NEEDS…………

    Reply
      Mar 14, 2023 14:47 AM

      Ah geez, we can still afford to support the nazis in Ukraine.
      Another couple hundred billion should be no issue.

      Reply
        Mar 14, 2023 14:12 AM

        Canadian Foreign Minister Calls For “Regime Change” In Russia
        Tyler Durden’s Photo
        BY TYLER DURDEN

        Canadians need to throw some cash into the project…. 🙂

        I bet some of those getting a govt pension would not mind… 🙂

        Reply
    Mar 14, 2023 14:40 AM

    FBI GUILTY………………..
    FBI, State Department Miss Deadline To Produce COVID Origin Information To House Panel

    The FBI and U.S. Department of State have not yet provided documents in response to a congressional request for information on the origin of the COVID-19 virus, which is due March 13, but the agencies are expected to comply, according to the House panel seeking the information.

    Reply

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