THREE MORE BANKS - STOCK TRADES HALTED - PLUNGING

[CHenry]

So my banker friend explained it to me and ill do my best to make it a short story.
Majority of the reason he said was Biden raising regulations. Banks must have X amount of money on hand, Biden raised that bar pretty high and suddenly they can't meet that regulation.
Plus other regulation changes. Biden set em up to fail basically.
Alot has to do with banks loaning money for bad loans and foreclosure.
And then ad that to what he called "red linning" , where banks are required to loan money to certain geographic areas where they know they will lose money but can't discriminate. Poor areas of the state or scary areas you wouldn't go in town.

 

[Letfreedomring]

Diversity, equity and inclusion. THE END

 

[Waltercat]

"The establishment of a central bank is 90% of communizing a nation." ~ Vladimir Lenin

Who does the gov. run to? JP Morgan

 

[dennishoddy]

Meanwhile,
Members of Congress are facing renewed scrutiny after a new disclosure report filed by Florida Democrat Lois Frankel revealed that she dumped First Republic Bank stock prior to its collapse and purchased JPMorgan stock before JPMorgan purchased First Republic.

According to a financial disclosure report filed on April 28, Frankel sold between $1,001 and $15,000 in First Republic stock on March 16 and then bought between $1,001 and $15,000 in JPMorgan stock on March 22.

Frankel told CNN that her “account is managed independently by a money manager who buys and sells stocks at his discretion.” Congresswoman Frankel is not facing any investigations according to CNN.
Of course not, she is a liberal.
Meanwhile Matt Gaites and AOC have teamed up to put a bill forward that would not allow sitting elected officials to trade stocks while in office.
Strange partnership but it will never get out of committee likely. Too much money to be made.
Ask nancy pelosi. The queen of stock trading. Worth over 300 million dollars now with an annual salary of a couple hundred thousand.

 

[turkeyrun]

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?

They know, they don't care. Pedo Joe will bail them out. They get fat bonuses and give the Big Guy his cut.

We pay for it.

 

[CHenry]

They know, they don't care. Pedo Joe will bail them out. They get fat bonuses and give the Big Guy his cut.

We pay for it.

He aint gonna bail them out, he set them up to fail with his sudden regulations in a bad economy.

 

[turkeyrun]

He aint gonna bail them out, he set them up to fail with his sudden regulations in a bad economy.

He will cover the deposits, like he did with Silicon Valley.

Can't let his big donors lose.

 

[steelfingers]

Since I don't feel like tracking it down, could someone explain what the trigger is to cause these large banks to go under here lately?

Fluoride in the water

 

[HillsideDesolate]

Fluoride in the water

The effect of calcified pineal glands ripples through society like shrapnel.

 

[T. MIKE SMITH]

Man, I hope this country can wake the hell up- Biden goes ahead and announces he's in- this takes all the questions away from what is going to happen on the dem side while the Rep have to fight it out to see who's in. Biden is already unable to perform, but there are many around him that make a way left addenda work every day and just keep telling the public everything's ok, If he dies or steps down, Kamala takes over and it just keeps on going. You can hate their guts all day and they still just do whatever they want. But I am preaching to the choir here, sorry, I'm just POED.