FDIC Gives Sunday Deadline For First Republic Bids
The Federal Deposits Insurance Corporation (FDIC) has reportedly given JP Morgan and the Pittsburgh based PNC Financial Services until Sunday to submit takeover bids on First Republic.
And just to be clear about what is really happening,
Just how much they borrowed from Fed exactly is not clear, but a default by First Republic on those borrowed loans would basically amount to the taxpayer picking up the tab.
Not least because in the recent disposal of assets belonging to the Silicon Valley Bank or Signature, FDIC seems to have sold them for cheap, on very generous terms, and without impugning any obligations, in addition to politicizing the process.
So, as the bankster whales gobble up their brethren, they then send part of the bill to the public. All scamster-banksters at the same trough; there are no guardians.
These banks refused a private market purchase of First Republic, preferring instead to buy bits and pieces, without the obligations, from FDIC. They called that “cleaner,” but that only means the cleaner here is the public.
Exactly.
"If you step back and think about it, this should never have happened. This (happened) in [one] of the most heavily regulated, capitalized industry on the planet – banking. And the regional banking system I think is quite vital to the US."
What Bob fails to mention is that modern banking is designed to be as close to failure is possible so as to extract as much money from their loans. That's fractional reserve banking, and the US no longer even has that!
They will tell you it's a dog-eat-dog world, but the pigs dine in style.
FDIC alleges Cross River engaged in 'unsafe' lending practices
Cross River is yet to admit nor deny the allegations that it “engaged in the unsafe or unsound banking practices” related to its lending activity in 2021.
the order - link includes multiple FDIC orders.
This is what central bankster rugpulls look like!
Understand the mathematics to understand how the guardians are the scamsters.
And, as Custodia found out, if you want to truly be a legit bank without leveraging loans - which is what fractional reserve means - then... you can't!!
Federal Reserve Is Destroying Regional Banks and Will Nuke American Economy: Robert Kiyosaki
I've no idea why the author of Shut Up, Dad! is treated as some crypto guru - maybe he just has a good media agent. And, yet again, he merely states the obvious.
Sure, true, and maybe is good to have such a loud voice - but is anybody listening?
The big psychological mistake is to keep blaming the puppets and not the puppet-masters - coz that will get you deplatformed and re-carbonised.
This looks like a plan - the very fast hike in rates caught out many banks - and the reason for that is that they are all skating on a razor's edge between liquidity and bankruptcy.
So much for risk analysis and being "prudent".
all liars
International Government Leaders To Address Crypto, CBDCs and Digital Assets at ‘The Future of Money, Governance and the Law’
https://gbaglobal.org/
The Trap is closing.
The con...
govscum in your pocket - or, more likely, in your phone.
homo domesticus - not a great ape, just a monkey.
Bankster wet dream - programmable money, or SpyFi.
homo fidelis - wake tf up! mmm... not possible until the belief-trance is broken, which it won't be as most brains are entrained by their portable radio transcievers.
$500,000,000,000 Loss in One Sector Will Wipe Out More Regional Banks, Says Kevin O’Leary
commercial real estate
Regional banks extend losses and some paused due to volatility; Bitcoin up 2%
American regional banks.
8 banks listed.
Another weekend coming up soon!
Every Friday One US Bank Collapses; Who’s Next on the Bank Run?
I don't think anybody was around 120 years ago to observe how the "banking crisis" that led to the creation of the Fed was manipulated and created by the same banksters who profited from the Fed cartel. Now we can see that similar bankscam in action.
I'm not sure why these banks didn't notice that the Fed was shafting them in a place where the sun never shines. It's really quite simple mathematics - what might be harder is to shift course fast enough to avoid the bear pit.
This is what happens when "prudent banking" is a total lie, and banks are allowed to walk along a razor's edge - then someone wobbles it!
US regional bank shares sink despite Fed calling banking system ‘sound’
The pigs dine in style...
FDIC Loses $13 Billion on JP Morgan Acquisition of First Republic
Shareholders, the owners of First Republic, have lost about $20 billion in the past month and will receive zero even though JP Morgan is buying out this bank.
Which means at a high level that FDIC has taken money from shareholders and given it to JP Morgan, and has taken money from the taxpayer by not requiring JP Morgan to take any of the debt that First Republic owes to Fed.
Another feature of a pathocracy is the obvious kleptocracy.
Americans must stop blaming their "government" - it was stolen by the same creatures who are now bleeding the country dry. But it's OK, you have rainbows.
GMO pigs...
you're nearly alive,
but you're really a die.
And here is the Captain of the Schiff of Fools...
Stop blaming the gov when the gov has been totally captured by the very private interests that are supposed to make the "market" so efficient - total bollox - the market converges to corrupt and violent monopolies.
Actually, he says pretty much the same as crypto economists.
Blaming gov is a linguistic con - and should be changed - but he isn't kind as to how beholden politicians are to their funders... and the greedy stupidity of the mass electorate.
government = captured executive agency created by a fake democratic system.
QE = inflation.
inflation = a big lie, is not one thing.
anyway, worth listening, as lots of obvious analysis.
And he seems keen on gold-backed cryptos - like Tether!? lol
https://gold.tether.to/
amusing
Crypto Investors Can Rely on ‘Frankly Nothing’ in Current Regulatory Environment, Says Former FDIC Official
from July 2022.