BANKS ARE FUCKED BEYOND REPAIR

[Anonymous No.54280812]

>The head of the European Central Bank, Christine Lagarde: All the current inflation forecasts for 2023 did not take into account recent events in the banking sector.

[Anonymous No.54280824]

>>54280812

>Why are BIG BANKS to desperately trying to save smaller banks?

[Anonymous No.54280833]

>>54280812
Where is USAA on this list?
They’re the main bank for burger soldiers, and if it tanks; all bets are off for the safety of elected US officials.

[Anonymous No.54280848]

>>54280824
its fractional reserve lending on top of fractional reserve lending being used for leveraged trading against non-tangibles and speculation a la big short

[Anonymous No.54280857]

>>54280833
based, i love their hold music... plus the mobile app is pretty slick and they offer a lot of services

[Anonymous No.54280876]

>>54280857
Every time I call in for insurance shit, I get the same Texas sounding black dude. Seems like a nice young man. Would let him bang my daughter.

[Anonymous No.54280900]

>>54280812
Guess it'll be Schwab that eats ze bugs heh

[Anonymous No.54280915]

>>54280812
The banking crisis is going to reduce inbound inflation more.

Banks are going to suffer, reducing net profits. Reducing net expenses.

[Anonymous No.54280925]

>>54280824
shit rolls down the hill, if the small banks die, so will the bigger bank's investments in those smaller banks

[Anonymous No.54280936]

>>54280812
There are riots breaking out in paris. Garbage and sewerage everywhere.

[Anonymous No.54280939]

>>54280915
>Reducing net expenses
I was wondering when that would happen. The white collar genocide is going to have a pretty severe trickle down effect on blue collar jerseys.

Guess I better lower my prices and do better work...

[Anonymous No.54280944]

>>54280936
unrelated. those are pension and organised labour related protests

[Anonymous No.54280948]

>>54280939
>jerseys
*jerks
New phone

[Anonymous No.54280959]

>>54280944
If you don't see the connection then you don't really understand why any of this is happening.

[Anonymous No.54280975]

>>54280936
>>54280959
Nothingburger. They do it every day in France.

[Anonymous No.54280980]

You love to see it

[Anonymous No.54280982]

>>54280812
Holy shit a whole -2% its over!!!

[Anonymous No.54281294]

>>54280982
>Holy shit a whole -2% its over!!!

[Anonymous No.54281326]

>>54280982
this is your brain on shitcoinomics
when a shitcoin goes down, nobody loses their jobs and whole companies don't go under. the price of a shitcoin doesn't determine whether your local economy can grow for the next five years.

[Anonymous No.54281473]

>>54280975
>Nothingburger. They do it every day in France.
America will show them how it's done. In two more work period cycles.

[Anonymous No.54281494]

>>54280812
>BANKS ARE FUCKED BEYOND REPAIR

And you will pay the repair.

[Anonymous No.54281508]

>>54280936
Nothing to do with banks tho.

It's strikes and protests against a pension reform passed by the government by skipping the vote of parliement.

[Anonymous No.54281737]

>>54280936
French here. It's like 1000 annoying people that sperg out because of pensions. Fuck them honestly, as if 2 years of more work will change anything in their pleb lives.

[Anonymous No.54281839]

>>54281508
>>54281737
unacknowledged is the implicit understanding that the pension program is inevitably going to go insolvent because: the international monetary system is a ponzi scheme

[Anonymous No.54281851]

Isn't this bullish for inflation? The more banks fail, the less credits are given out.

[Anonymous No.54281879]

>>54281851
all the banks have interwoven liabilities, if they start failing they can't pay debts to the banks they owe, who then can't pay their debts, etc, plus all the deposits in those failed banks get wiped out, which makes people panic and pull money out, but the banks can't service mass withdrawals. this only stops if the fed gives them money (it's already given them hundreds of billions over the past couple weeks). and if they don't stop it, it doesn't matter if you were lucky enough to get your dollars out, the mass implosion of central banks would destroy all confidence in the eurodollar, so it would be worthless anyway

[Anonymous No.54283214]

>>54281737
And people wonder why cuckolding is becoming popular. Thank you. My beard will tickle your daughters thighs.

[Anonymous No.54283963]

>>54280824
Apart from what the others have said, big banks like buying out these failed banks because they assume none of the risk and get to buy other people’s debt (mortgages, loans, etc) for much less than they’re worth, while appearing like the gold guys. That said, apparently Bear Stearns etc were such shit last time that even then it wasn’t worth it, so maybe they’ll act differently this time.

[Anonymous No.54283981]

>>54280833
USAA is a private company and therefore isn’t listed on stock exchanges.

[Anonymous No.54283991]

>>54280812
Prediction: Racist narrative by the americans directed at china due to the media fed to american users resulting in the rise of fascism.
It doesn't matter who did it, just fix it, don't go to war please and don't let the narrative fool you into hate.

[Anonymous No.54284033]

>>54280833
is a private mutual company. They pay dividends directly to insurance holders.

[Anonymous No.54284044]

if a system threatening depression causing event was on the cards feds would just start printer again and get back to kicking the can. look forward to 20% inflation yearly for the next 40 years, before they invent nuclear fusion and make energy free.

[Anonymous No.54284684]

>>54284044

Fusion has been 5 years away every year since 1970

[Anonymous No.54284763]

>>54283991
Fuck you, zipperhead. Go make some cheap plastic toys that break immediately upon use.

[Anonymous No.54284799]

>>54280812
>-3%
it's anudda holocauster

[Anonymous No.54285058]

>>54280812
>you’re plan is working master
Of course!!!!!

[Anonymous No.54286843]

>>54280812
Good. I work with US Bank and these motherfuckers are trying to fire me for call avoidance all of a sudden. I hope it falls and I will laugh and dance on their corpse and would litigation be an option for them trying to fire me when Im a high performer? They did back off when I called them out on a few things regarding their accusations

[Anonymous No.54287072]

>>54283214
You gonna give her a piggyback? THat's nice anon

[Anonymous No.54287232]

>>54283963
they had to let 1 bank fail in order to justify the bailout of the others