Yet Another Bank Going Down...

[Harpy Eagle]

And despite the Biden admin claiming that FRC was just another 'outlier' business model, PacWest, Western Alliance, and Zions (among others) are in a freefall...

View attachment 781779

They all took a major hit on March 8th, and have pretty much stabilized since then.

The whole market was down yesterday, so we will have to see how they do the rest of the week.

 

[John Edgar Slow Horses]

Maybe one more regional bank.

We are no where in the state of 2008.

 

[Ringo]

If the capitalist market works so well, why are countries constantly fighting each other for a "place in the sun"?

 

[georgephillip]

We're starting to see a trend here...

FDIC prepares to place First Republic under receivership

News of the move came as the Fed and FDIC detailed their supervisory lapses before deposit runs caused the collapse of Silicon Valley Bank and Signature Bank in March.

www.reuters.com

8th grade arithmetic?

4 U.S. banks crash in 2 months | MR Online

"So the Federal Reserve had painted itself into a corner during quantitative easing.

"By lowering interest rates to just about zero, the Fed has guaranteed that if you ever move out of this position, if you ever go beyond the Obama policy of saving the banks by inflating the capital markets, then you’re going to drive the capital markets bankrupt, insolvent.

"So we’re now finally facing the insolvency that Obama and Trump and Biden early on were able to avoid.

"And it’s just a seventh-grader, well, maybe an eighth-grader, could have done the arithmetic."