Bank failure in Philly. Signs of a terrible economy?

[JackOfNoTrades]

Biden's

Yeah. Given the OP, I kinda figured that was the endgame.

 

[JackOfNoTrades]

These endless lies get people exterminated. Progs framed their COVID solutions before when Joe was installed. They lied again.

Except the supposed response had to be crafted and implemented by other people...when Donny was still El Prez...cause he wasn't up to the task.

 

[Harpy Eagle]

Philadelphia-Based Republic First Bank Collapses in First Bank Failure of 2024

The FDIC entered into an agreement with Fulton Financial to assume the deposits and assets of the failed bank.

www.theepochtimes.com

It does not look good, that is for sure.

Why do banks collapse?

Banks fail all the time, and every time one does you sheep try to make it out to be the end of the world

 

[Billiejeens]

Make up any statistics that make you feel better, but I don’t see much real in your “real world”.

That's on you.

 

[BluesLegend]

..and what of next month? The trend is up and points to re-election for Joe.

 

[citygator]

Also:

Rule #13: Every original post posted as a question is always answered “NO”. It never fails.

 

[eagle7-31]

Philadelphia-Based Republic First Bank Collapses in First Bank Failure of 2024

The FDIC entered into an agreement with Fulton Financial to assume the deposits and assets of the failed bank.

www.theepochtimes.com

It does not look good, that is for sure.

Why do banks collapse?

This bank is only about 4 or 5 years old. From what I was told by someone who did some business with them the people who started the bank were former employees of TD bank and wanted to take TD bank over, but came up short so to speak.

 

[Dragonlady]

Philadelphia-Based Republic First Bank Collapses in First Bank Failure of 2024

The FDIC entered into an agreement with Fulton Financial to assume the deposits and assets of the failed bank.

www.theepochtimes.com

It does not look good, that is for sure.

Why do banks collapse?

Why are you posting this now? It happened back in April?

Banks collapse for the same reason that other businesses collapsed: they make bad investments. On average 4 - 5 banks close every year in a strong economy.

This particular bank was heavily invested in mortgages for commerical real estate. Since the pandemic, more and more people continue to work from home, and companies are cutting the amount of space they're leasing.

Pure propaganda. We lost 1.5 million full time jobs in March. The unemployment number is faked up with government hiring. Inflation is rising again. The 30 year mortgage rate is over 7% again. Gas prices are jacked back up over $5 a gallon here. Credit card defaults are at 20 year highs.

Where were 1.5 million jobs lost fool? This lie that the numbers are faked is the same lie Republicans used when Obama was in office, and yet Trump used the same figures calculated in the same way for his jobs numbers.

And like Pavlov's dog, you come running when they tell you the lies you like to hear.

Bank Merger and Acquisition.... the sign of the end times.

this parts was never in the Bible.

but it was in the communist manifesto.

Communism died in 1989.

 

[Dragonlady]

This bank is only about 4 or 5 years old. From what I was told by someone who did some business with them the people who started the bank were former employees of TD bank and wanted to take TD bank over, but came up short so to speak.

TD Bank is the largest chartered bank in Canada. There are no former employees of TD Bank who are big enough to take over that bank.

Corporate Information | TD Canada Trust

TD offers a full range of financial products and services to over 27 million customers worldwide through three key business lines. Read about our corporation organization.

www.td.com

 

[Dragonlady]

banks collapse because the economy is a charade.

the controlled merger and acquisition and Keynesian subsidy of such is the creation mechanism for the new world order.

Another Russian heard from.

Are you seriously suggesting that good and services aren't being traded around the world? Just because you can't comprehend the complexities of a modern capitalist economy, doesn't mean it's a charade.

I haven't the vaguest clue what your word salad about Keynesian subsidy is intended to mean but the moment you start spouting that "new world order" bullshit, I dismissed you as an idiot.