The Banking Collapse of 2023 is now bigger than the 2008 “banking crisis”

[Harpy Eagle]

It depends if the rain is comparable....

random person on the street...hey look it is sprinkling.

struth...oh my god, this is just like Katrina

 

[skye]

 

[DudleySmith]

Forced? No. Allowed? Yes and as we have painfully found out, if you allow them they will do it.

And bankers bought that allowance, so blaming 'The Govt.' is a rather dumb assertion.

 

[pknopp]

And bankers bought that allowance, so blaming 'The Govt.' is a rather dumb assertion.

Sorry, they know the banks are corrupt but let it slide as long as they get what they want.

I'll condemn that forever probably.

 

[DudleySmith]

Sorry, they know the banks are corrupt but let it slide as long as they get what they want.

I'll condemn that forever probably.

Sorry, but bankers are corrupt, and didn't have to buy crooked pols.

 

[pknopp]

Sorry, but bankers are corrupt, and didn't have to buy crooked pols.

Being corrupt is why they need highly regulated.

 

[otto105]

Yet everyone is just acting as though nothing is wrong.

$532 billion in assets for the three banks failed so far, which is more than the $526 billion combined from the 25+ banks that failed in 2008.

The Banking Collapse Of 2023 Is Now Officially Bigger Than The Banking Collapse Of 2008 Was – Investment Watch Blog

Awwww, you scared.

I hear that our 20 year war with Iraq was more than WWII too.

 

[DudleySmith]

Being corrupt is why they need highly regulated.

They just buy the regulators. In fact most of the regulators come from the ranks of bank employees.

 

[pknopp]

They just buy the regulators. In fact most of the regulators come from the ranks of bank employees.

They did do that. None of them were held accountable by anyone so why not?

 

[theHawk]

Anyone up for a game of BINGO?

 

[Care4all]

And your fake checkers is trying to sell you a lie

Uhhh, what lie? Just read their site, they are very open about it....they are in to the business of selling gold and other precious metals.... there is a motive to take their stances...the greenback....

 

[candycorn]

Kitco, is trying to sell you gold and other precious metals that they sell.

______________


I’m not sure we could call it “fake” but I’m also not sure we can call it “news.” As Kitco’s corporate website explains, “"Kitco" is a familiar name to many people who visit our world-famous, award-winning website Live Gold Prices | Gold News And Analysis | Mining News | KITCO. With its compelling combination of an online precious metals store, live spot prices, expert market commentaries, up-to-the-minute news and usable market information, our website attracts nearly a million visits every day.” Given its own description, it seems more like commerce to me (like Home Shopping Network, only for gold and silver)— it does provide useful information about precious metals and currency, but it seems to be a site that hopes you’ll buy something from them. If you are seeking business news about precious metals, you might want to make use of a site where there are reporters who cover business news, with no expectation of selling you something.

What are some examples of fake news?

Yep, I was a bit saddened when Smerconish started hawking gold the other day.

 

[struth]

random person on the street...hey look it is sprinkling.

struth...oh my god, this is just like Katrina

only a cultist would call the largest bank failures a sprinkle

 

[Nuthin' Fancy]

TDS is even covered on those fact checkers you suck off

You tell me Trump Dick Sucker.

 

[DudleySmith]

Uhhh, what lie? Just read their site, they are very open about it....they are in to the business of selling gold and other precious metals.... there is a motive to take their stances...the greenback....

Central banks have been stockpiling gold for a while now. So yeah, gold is a reccomended hedge; has been for thousands of years. However, you should just buy some of the magic duck I'm selling.

 

[Care4all]

Central banks have been stockpiling gold for a while now. So yeah, gold is a reccomended hedge; has been for thousands of years. However, you should just buy some of the magic duck I'm selling.

Dudley, I am not arguing there is not a problem with midsize banks.

I am arguing that this situation is not as big as the 2007/2008 Great Recession, let alone even bigger, as the op implies.

At least not yet.... there's a long long way to go.

Most of this can be avoided if confidence in the banks stays up....

These kind of exaggerated doom and gloom threads hurts the situation by fear mongering in to diminishing that.... A run on banks imho....which will hurt all of us....

Is that what you are hoping for, what y'all want?

 

[Harpy Eagle]

Dudley, I am not arguing there is not a problem with midsize banks.

I am arguing that this situation is not as big as the 2007/2008 Great Recession, let alone even bigger, as the op implies.

At least not yet.... there's a long long way to go.

Most of this can be avoided if confidence in the banks stays up....

These kind of exaggerated doom and gloom threads hurts the situation by fear mongering in to diminishing that.... A run on banks imho....which will hurt all of us....

Is that what you are hoping for, what y'all want?

This is a fact. These things become a self fulfilling prophecy. People hear a rumor about a bank and they all rush to take out their money, actually causing what they were worried about.

Same thing happened with TP during COVID. There was a story about a shortage and BOOM everyone went to the store and bought as much as they could fit in their car, and then there really was a shortage.

 

[DudleySmith]

Dudley, I am not arguing there is not a problem with midsize banks.

I am arguing that this situation is not as big as the 2007/2008 Great Recession, let alone even bigger, as the op implies.

At least not yet.... there's a long long way to go.

Most of this can be avoided if confidence in the banks stays up....

These kind of exaggerated doom and gloom threads hurts the situation by fear mongering in to diminishing that.... A run on banks imho....which will hurt all of us....

Is that what you are hoping for, what y'all want?

I would like for Democrats to fold up their corrupt party and go to prison, where they belong. They are major players in the take over of the American economy by thieves and swindlers, and their fake pretenses of being 'for the little people' is nothing but a hoax. They are not even remotely a counter party to the GOP establishment. They just compete for bribes with them.

 

[marvin martian]

Yet everyone is just acting as though nothing is wrong.

$532 billion in assets for the three banks failed so far, which is more than the $526 billion combined from the 25+ banks that failed in 2008.

The Banking Collapse Of 2023 Is Now Officially Bigger Than The Banking Collapse Of 2008 Was – Investment Watch Blog

 

[struth]

Dudley, I am not arguing there is not a problem with midsize banks.

I am arguing that this situation is not as big as the 2007/2008 Great Recession, let alone even bigger, as the op implies.

At least not yet.... there's a long long way to go.

Most of this can be avoided if confidence in the banks stays up....

These kind of exaggerated doom and gloom threads hurts the situation by fear mongering in to diminishing that.... A run on banks imho....which will hurt all of us....

Is that what you are hoping for, what y'all want?

The OP just shared the numbers....the numbers are the numbers...and the numbers are bigger now.