Huge bank losses in the markets

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Will First Republic still be standing by Monday morning
 
Declan said:
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Will First Republic still be standing by Monday morning
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My feeling, especially based on Yellen's recent statements, is that the fed will allow some to fail to concentrate wealth in the hands of the big fish. Smaller banks will likely eat shit.The message I took away from that session was more or less 'Only ever deposit your money in a bank that can't fail'. First republic just got 30bn stimmy and is being backed by JPM and citi, so I'm guessing it's going to be one of those going into the life raft.
 
Declan said:
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Will First Republic still be standing by Monday morning
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Also hearing that pretty much all the brokers aren't honouring puts on crashing bank stonks. SBNY in particular. They're straight up not allowing holders with expiration dates as of current US date to exercise them. It's fucking madness. Be careful moving forward if you want to play options on the banks. If it were me I'd be on leaps only.
 
Myles O'Reilly said:
Sharon Stone broke down in tears on stage saying she lost half her money in this thing.

I'm sure she still has a few mill to get her over it.
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She has had a lot of family tragedy in the last few years ~ ~ Deaths of 2 or 3 close family ~ ~ One of them a very young boy ~ ~ So, sometimes, even these People are Not immune.
 
‘I would never put my money into a bank stock ever again’ - Irishman, Kevin O’Leary

“What effectively happened over the weekend is that he nationalized the American banking system,” he told CNN, referring to U.S. President Joe Biden. “It's no longer a risk. It's no longer private in any sense. It is now backstopped by the government, ultimately the taxpayer.”

finance.yahoo.com

‘I would never put my money into a bank stock ever again’: Kevin O’Leary says the US government has ‘nationalized’ the American banking system. Here’s what he likes instead

Is the government doing more harm than good?
finance.yahoo.com finance.yahoo.com
 
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So First Republic stock, after tanking 33% in the regular trading session, fell a further 15 percent in the four hour long after session.
Everyone but the frozen mesmerized are getting out .

So a big move Monday, direction as of now unknown.
 
Declan said:
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So First Republic stock, after tanking 33% in the regular trading session, fell a further 15 percent in the four hour long after session.
Everyone but the frozen mesmerized are getting out .

So a big move Monday, direction as of now unknown.
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Banking is undefeated Dec. That's all I'm going to say.

Rootin' for those calls to happen for you regardless.
 

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 failed to save the day in 1929.

Any excitement at all will bring gold above $2000 and then there is potentially another crisis as the shorts are squeezed and the paper gold market will collapse.
We shall see in about 12 hours.
 
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Just got fired from this awful bank. There is literally no money. They’ve made awful investments in at least six countries and want to downsize to an online banking service should they get a bailout. They
are cutting credit card limits so people can’t withdraw money.

This is actually big. Unlike the banks that crashed already, Santander is an international bank that works with middle to lower class private citizens much more than business and rich people. The mood is awful. There is already talks of a massive recession all across the west. It is all but confirmed.
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Bank Contagion - Vox Popoli

Booster Patrol may need to do another remake here soon, because it’s not looking good for Credit Suisse or for Santander in Spain. Just got fired from this awful bank. There is literally no money. They’ve made awful investments in at least six countries and want to downsize to an online banking...
voxday.net voxday.net
 
Well may e not, it is behind a paywall.
 
So Credit Suisse did not make it through the weekend and UBS has purchased the albatross. No doubt secured by billions in credit lines.
 
A lot of reading if I had time Mr P. Today is parade day and I am assisting ina seriuosbit of money grabbing.
 
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.
 
Oh Dear.....Is this the price of their scamdemic and war?

www.rte.ie

Banking stocks fall despite Credit Suisse deal relief

Banking stocks tumbled this morning as initial relief over a historic state-backed rescue of troubled lender Credit Suisse by Swiss rival UBS Group gave way to new worries about the risks of high-yield debt issued by big banks.
www.rte.ie www.rte.ie
 
Wolf said:
Oh Dear.....Is this the price of their scamdemic and war?

www.rte.ie

Banking stocks fall despite Credit Suisse deal relief

Banking stocks tumbled this morning as initial relief over a historic state-backed rescue of troubled lender Credit Suisse by Swiss rival UBS Group gave way to new worries about the risks of high-yield debt issued by big banks.
www.rte.ie www.rte.ie
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Ah sure the normies will always have the comfort that they saved Granddad from de Covid, he died suddenly after getting his 3rd booster but sure at least it wasn't de covid that got him
 
Jay Homer Simpson said:
Ah sure the normies will always have the comfort that they saved Granddad from de Covid, he died suddenly after getting his 3rd booster but sure at least it wasn't de covid that got him
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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.
 
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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.
 
finance.yahoo.com

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finance.yahoo.com finance.yahoo.com

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
 
Declan said:
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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
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Keeping my powder dry until I see what level the Jenga tower collapses to. Might be some very good opportunities to get good companies on sale over the course of the next month. Still haven't ruled out CS. It's a brand. We'll have to see how it shakes out.
 
Now that the big banks have been given a no-ceiling deposit guarantee, the smaller banks need to be given the same guarantee before all their big deposits are transferred to the guaranteed banks. And so the contagion spreads.
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Preemptive Bank Bailout - Vox Popoli

Now that the big banks have been given a no-ceiling deposit guarantee, the smaller banks need to be given the same guarantee before all their big deposits are transferred to the guaranteed banks. And so the contagion spreads. Another 50 regional banks in the US could fail in the US banking...
voxday.net voxday.net
 
PlunkettsGhost said:

Preemptive Bank Bailout - Vox Popoli

Now that the big banks have been given a no-ceiling deposit guarantee, the smaller banks need to be given the same guarantee before all their big deposits are transferred to the guaranteed banks. And so the contagion spreads. Another 50 regional banks in the US could fail in the US banking...
voxday.net voxday.net
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A delberate shafting
 

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