Round and round it goes where it stops nobody knows……
https://halturnerradioshow.com/inde...three-more-banks-stock-trades-halted-plunging
https://halturnerradioshow.com/inde...three-more-banks-stock-trades-halted-plunging
Well joe dose want to finish the job.
Largely I think its because of interest rate increases as well as further talks of another hike. People arent borrowing as much as a result and the banks suffer. Also possibly alot of loans that defaulted because the borrower cant pay it. I think I heard mortgage foreclosures are way up also.
I could be wrong though.
it has to do with the yield on the treasuries that the bank purchased to back the loans.
Copied from google
"The most common cause of bank failure occurs when the value of the bank's assets falls to below the market value of the bank's liabilities, which are the bank's obligations to creditors and depositors".
I'm not smart enough to really understand that though.
"The most common cause of bank failure occurs when the value of the bank's assets falls to below the market value of the bank's liabilities, which are the bank's obligations to creditors and depositors".
I'm not smart enough to really understand that though.
What I don't fully understand is how the banks put themselves in this position. What, they didn't realize that when rates go up their bonds go down?
No high level economists available to them?
No high level economists available to them?
Government policies assisting large banks with consolidation. Like 2008 on steroids.
I'm meeting a friend in a few minutes, whos worked in Banking for 30 years, I'll ask him.
They were available. They just were not required to consult them due to lack of over sight or deregulation.
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