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It is down another 2 dollars since it lost 40% the other day.

https://www.semafor.com/article/02/08/2024/new-york-community-banks-troubles-threaten-a-new-crisis This is just waiting to get rocking.

Not looking g good as the stock drops another 6% today. When banks fail, they usually are taken over on a Friday after the market closes. I am surprised a run has not already happened. People do not even consider the possibility of losing their money. One must wonder if we are not being set...

https://www.wsj.com/finance/banking/new-york-community-bancorp-stock-plunges-35-reigniting-fears-for-regional-banks-7bf74972 Time to return to the excitement

View: https://youtu.be/OiGdwe5VqhU This is a particularly good video from The Maverick. He points out the just TEN DEPOSITORS HELD 13 BILLION in deposits and were bailed out.

In fairness, even a 15 watt bulb could understand this, I doubt there is anyone here too dim to grasp it.

Modestly is your finest attribute

Could be a frightful Friday and a woeful weekend

A delberate shafting

https://finance.yahoo.com/quote/FRC?p=FRC&.tsrc=fin-srch Well it is half what it was when I drove by a few hours ago. And down 95% from it's high. Should I buy a few shares

I was surprised yesterday to notice a branch of First Republic on Boylston Street in Boston. SVB had at least one branch here and many got a surprise nasty layoff from high paying jobs. The expensive pads in Southie etc could be hard to pay for. There were/are 5 branches in the general area.

Saudi National Bank loses over $1 billion on Credit Suisse investment https://www.cnbc.com/2023/03/20/saudi-national-bank-loses-over-1-billion-on-credit-suisse-investment.html?__source=androidappshare Serves them right.

Sure they added at least two years on to his life. Had he gone out the door on March 16 2020 when we were told to hunker down, he would not even get to the end of Paddys Day.

It is steady at the moment but the bit of euphoria due to the CS purchase will likely have dissipated by the New York open.

A lot of reading if I had time Mr P. Today is parade day and I am assisting ina seriuosbit of money grabbing.

So Credit Suisse did not make it through the weekend and UBS has purchased the albatross. No doubt secured by billions in credit lines.

Well may e not, it is behind a paywall.

I will read that later, it is a little hard to believe.

SVB gave 76 million dollars to Black Lives Matter.

View: https://youtu.be/4kvwGhuqq2A Well Neil is calling it to collapse this week so he is risking his reputation. If another bank pops up and fails then that will surely topple First Republic, which can't be allowed to fail as all confidence is then gone. it would be like when The Money Trust...