First Republic Bank Is Now In The Vortex

[g5000]

First Republic, Latest Bank in Turmoil, Explores Rescue Options​

​

Another midsize bank is floundering.

In the latest whirl to a sector that has been in turmoil since Silicon Valley Bank imploded, First Republic shares plummeted 20 percent Thursday, reflecting renewed worries that it could be the next bank to fail, then dramatically shot back up.

They are down 60 percent since last Thursday.

The new hope seemed to stem from the bank’s exploration of extreme measures, including a possible sale to a larger rival or a financial rescue that could include a quick injection of new cash to ensure it has enough money to pay out customer withdrawals, a person familiar with the matter said.

The moves came despite earlier efforts this weekend by First Republic to shore up its finances with $70 billion in emergency loans and other liquidity from the Federal Reserve and JPMorgan Chase.


Shades of 2008. Fun times.

 

[Rambunctious]

More Biden bail outs for the super rich coming....

 

[Votto]

First Republic, Latest Bank in Turmoil, Explores Rescue Options​

​

Another midsize bank is floundering.

In the latest whirl to a sector that has been in turmoil since Silicon Valley Bank imploded, First Republic shares plummeted 20 percent Thursday, reflecting renewed worries that it could be the next bank to fail, then dramatically shot back up.

They are down 60 percent since last Thursday.

The new hope seemed to stem from the bank’s exploration of extreme measures, including a possible sale to a larger rival or a financial rescue that could include a quick injection of new cash to ensure it has enough money to pay out customer withdrawals, a person familiar with the matter said.

The moves came despite earlier efforts this weekend by First Republic to shore up its finances with $70 billion in emergency loans and other liquidity from the Federal Reserve and JPMorgan Chase.


Shades of 2008. Fun times.

Trump done it!

 

[g5000]

More Biden bail outs for the super rich coming....

Looks like First Republic is taking advantage of the Fed's shiny new Bank Term Funding Program (BTFP) I created a topic about this morning.

 

[Toddsterpatriot]

Bidenflation is bad for banks.

 

[g5000]

Trump done it!

I blame the negroes.

And Ray Epps.

 

[g5000]

Bidenflation is bad for banks.

But most especially ZIRP and Obama and Trump's $16 trillion of debt.

 

[Votto]

I blame the negroes.

And Ray Epps.

Orange is the new black

Do keep up.

 

[MisterBeale]

This was predicted a month ago.

Why Is the Federal Reserve Provoking a Financial Crisis?​

"36,773 views Feb 15, 2023

Timestamps
00:00 - Intro
01:23 - Global risk posed by U.S. banking system
02:30 - Repo crisis preceded PANDEMIC!!!
03:32 - WEF’s tote board of risk narratives
04:05 - F.D.I.C. Quarterly Banking Profile (3Q2022): real risk of banking crisis
05:26 - Chart 7 of Quarterly Banking Profile - massive balance sheet losses
08:41 - Why debt-based securities dropped in value by $690 billion
11:40 - Composite balance sheet (entire industry) in Quarterly Banking Profile
14:33 - Why assets on banks’ balance sheet are vastly over-valued
17:12 - That entire banking industry is dead broke, evident from composite liabilities
20:10 - Banks’ counter-measures to their insolvency 21:32 - FHLB advances: panic borrowing
24:57 - Repo market: more panic borrowing 26:54 - FRED’s tale of three crises
35:23 - Role of FHLB advances in last three crises
39:52 - Panic borrowing now - Fed fanning flames of new crisis
41:25 - New era has dawned: Snake Eating Its Own Tail

This video builds on and extends the explosive (but largely overlooked AFAIK) analysis done by Chris Whalen, “Is JPMorgan Chase Insolvent?” While Whalen is imo the best independent bank analyst in the business, he doesn’t have a crystal ball. (At least I couldn’t find one when I ransacked his home many moons ago.) He put out that post, which is nominally about Dimon’s bank but covers the entire banking industry, on Monday, November 28, 2022. He thus didn’t have access to the F.D.I.C.’s Quarterly Banking Profile for the 3rd quarter of 2022, which came out three days later. Whalen’s analysis focused on the dubious valuations of bank assets, which is certainly germane as far as they go and are discussed in greater detail in this video.

The real action in the third quarter QBP, though, is on the liability side of the industry’s balance sheet. There we find evidence that aside from being broke, the banks know they’re broke and are panicking about it.

But here’s the real kicker: the Fed isn’t helping the banks this go-round. It’s a new ballgame, and it goes by the name ALL. BAD."

The seeds were planted right before the COVID crisis though;

Central Bank Digital Currency to End Inflation

The big tech and big data companies that get the contracts to implement it will also benefit. Since profit is still way up at the tippy top of societal priorities and the banks, government, and big tech all stand to make massive profits from digital currency, it seems they're gonna do...

www.usmessageboard.com

If you click on the link in that post, you will find this;

Interview 1533 - John Titus Exposes the Fed's Coronavirus Lies​

Corbett • 04/07/2020 • 121 Comments

Interview 1533 – John Titus Exposes the Fed’s Coronavirus Lies | The Corbett Report

www.corbettreport.com

"John Titus of Best Evidence joins us to discuss Season 2 of his "Mafiacracy Now" video series, an exploration of the crimes of the banksters and their multi-trillion dollar heist that is being perpetrated during the current crisis. Today we talk about the Fed's lies about the coronavirus and what horrifying truths about the collapsing economy are hidden behind them."

 

[progressive hunter]

First Republic, Latest Bank in Turmoil, Explores Rescue Options​

​

Another midsize bank is floundering.

In the latest whirl to a sector that has been in turmoil since Silicon Valley Bank imploded, First Republic shares plummeted 20 percent Thursday, reflecting renewed worries that it could be the next bank to fail, then dramatically shot back up.

They are down 60 percent since last Thursday.

The new hope seemed to stem from the bank’s exploration of extreme measures, including a possible sale to a larger rival or a financial rescue that could include a quick injection of new cash to ensure it has enough money to pay out customer withdrawals, a person familiar with the matter said.

The moves came despite earlier efforts this weekend by First Republic to shore up its finances with $70 billion in emergency loans and other liquidity from the Federal Reserve and JPMorgan Chase.


Shades of 2008. Fun times.

 

[progressive hunter]

This was predicted a month ago.

Why Is the Federal Reserve Provoking a Financial Crisis?​

"36,773 views Feb 15, 2023

Timestamps
00:00 - Intro
01:23 - Global risk posed by U.S. banking system
02:30 - Repo crisis preceded PANDEMIC!!!
03:32 - WEF’s tote board of risk narratives
04:05 - F.D.I.C. Quarterly Banking Profile (3Q2022): real risk of banking crisis
05:26 - Chart 7 of Quarterly Banking Profile - massive balance sheet losses
08:41 - Why debt-based securities dropped in value by $690 billion
11:40 - Composite balance sheet (entire industry) in Quarterly Banking Profile
14:33 - Why assets on banks’ balance sheet are vastly over-valued
17:12 - That entire banking industry is dead broke, evident from composite liabilities
20:10 - Banks’ counter-measures to their insolvency 21:32 - FHLB advances: panic borrowing
24:57 - Repo market: more panic borrowing 26:54 - FRED’s tale of three crises
35:23 - Role of FHLB advances in last three crises
39:52 - Panic borrowing now - Fed fanning flames of new crisis
41:25 - New era has dawned: Snake Eating Its Own Tail

This video builds on and extends the explosive (but largely overlooked AFAIK) analysis done by Chris Whalen, “Is JPMorgan Chase Insolvent?” While Whalen is imo the best independent bank analyst in the business, he doesn’t have a crystal ball. (At least I couldn’t find one when I ransacked his home many moons ago.) He put out that post, which is nominally about Dimon’s bank but covers the entire banking industry, on Monday, November 28, 2022. He thus didn’t have access to the F.D.I.C.’s Quarterly Banking Profile for the 3rd quarter of 2022, which came out three days later. Whalen’s analysis focused on the dubious valuations of bank assets, which is certainly germane as far as they go and are discussed in greater detail in this video.

The real action in the third quarter QBP, though, is on the liability side of the industry’s balance sheet. There we find evidence that aside from being broke, the banks know they’re broke and are panicking about it.

But here’s the real kicker: the Fed isn’t helping the banks this go-round. It’s a new ballgame, and it goes by the name ALL. BAD."

The seeds were planted right before the COVID crisis though;

Central Bank Digital Currency to End Inflation

The big tech and big data companies that get the contracts to implement it will also benefit. Since profit is still way up at the tippy top of societal priorities and the banks, government, and big tech all stand to make massive profits from digital currency, it seems they're gonna do...

www.usmessageboard.com

If you click on the link in that post, you will find this;

Interview 1533 - John Titus Exposes the Fed's Coronavirus Lies​

Corbett • 04/07/2020 • 121 Comments

Interview 1533 – John Titus Exposes the Fed’s Coronavirus Lies | The Corbett Report

www.corbettreport.com

"John Titus of Best Evidence joins us to discuss Season 2 of his "Mafiacracy Now" video series, an exploration of the crimes of the banksters and their multi-trillion dollar heist that is being perpetrated during the current crisis. Today we talk about the Fed's lies about the coronavirus and what horrifying truths about the collapsing economy are hidden behind them."

it was predicted long before that,, this is an orchestrated outcome started decades ago,,

 

[TheGreatSatan]

More Biden bail outs for the super rich coming....

They are going to drain the fdic money bailing out rich democrats above 250k. When the big crash comes, there will be no money for the rest.

 

[progressive hunter]

They are going to drain the fdic money bailing out rich democrats above 250k. When the big crash comes, there will be no money for the rest.

as it stands they dont have even half of what it would take to bailout anyone let alone the rich,,

glen goes through a lot of this in the video,,

 

[Esdraelon]

They are going to drain the fdic money bailing out rich democrats above 250k. When the big crash comes, there will be no money for the rest.

Yep. They're cashing out and they know that when the collapse comes, the average people will be killing each other just to try to survive. Evil. They are EVIL.

 

[TheGreatSatan]

Yep. They're cashing out and they know that when the collapse comes, the average people will be killing each other just to try to survive. Evil. They are EVIL.

The gullible who believe democrats will soon find the fdic insurance is bankrupt and their money stolen.

 

[Missourian]

I blame the negroes.

And Ray Epps.

A.B.B. ... Anyone but Biden.

Anything that goes wrong is always someone elses fault.

 

[1srelluc]

They have lost 21% in after hours trading.....30 Billion must be rookie numbers.

OK all you wheelers and dealers.....Here's your chance, who's going to try to catch the falling dagger.

 

[g5000]

This was predicted a month ago.

I predicted it exactly ten years ago this month: The Fed's Bond Bubble Doomsday Machine