Current Events > 4 banks have collapsed and no one is talking about this?

(+) Yeah! (+)

Something that hasn't happened since 2008.

Is no one concerned about this?

No. Good. Let that be a warning to fucking banks that they're not getting any more bail outs.

non-failed banks are just gonna buy up all their accounts anyway, no bailouts this time

Its also a much smaller scale than WaMu, Lehman and Bear Stearns, to be fair.

https://www.youtube.com/watch?v=etQeFJ2lbbo

But will the house market crash? That's what I want to know >_>

it's a fairly big deal, but people seem to just be memeing it away for now. and everybody seems to assume the bigger banks that are "too big to fail" will just eat them up anyways and life will go on.

i'm not so sure about that, but we'll see.

[LFAQs-redacted-quote]


your money in those banks will be fine, it's the investors in those banks that lose. which is how it should be.

thronedfire2 posted...

non-failed banks are just gonna buy up all their accounts anyway, no bailouts this time

thats what happened with jp morgan and first republic. jp morgan has $2.4 trillion in deposits now.

people are talking about this just not in the gfaqs bubble because theres like 20 active posters here now.

Shiver me timbers! Four banks have gone down to Davy Jones' Locker, ye say? 'Tis a grim sight, indeed. As a pirate, I know that when the winds of fortune turn against ye, ye must batten down the hatches and brace for impact. 'Tis a tough pill to swallow, but in times like these, it's important to keep a clear head and a steady hand on the tiller. We pirates know that there be always risks to the sea-faring life, and sometimes the waves be too rough for even the stoutest vessel. But we also know that when the going gets tough, the tough get going! So, me hearties, let's weigh anchor, set our sails, and ride out this storm together. And remember, when the tide turns in our favor again, we'll be ready to seize the day and make off with the spoils!

Pirate_of_FAQs posted...

Im ok with this

meralonne posted...

Its also a much smaller scale than WaMu, Lehman and Bear Stearns, to be fair.

The total losses from these banks have already exceeded that.

It is 6 banks

https://twitter.com/unusual_whales/status/1653869035917041664

There are over 4000 banks in the US

The US government caused this in the first place.

First giving so much money to people, causing record inflation, raising interest rates so quickly. What did they think would happen?

apocalyptic_4 posted...

The total losses from these banks have already exceeded that.

None of these banks are lynchpins of the financial markets like the firms back in 2008. I didnt even mention AIG.

Kalk posted...

The US government caused this in the first place.

First giving so much money to people, causing record inflation, raising interest rates so quickly. What did they think would happen?

keeping the rates low for as long as they did did more damage i think, but yeah all of those things combined kinda made it easy to see coming, except to jerome powell i guess.

Not looking good buddies

Its been major news in all financial outlets for a month. Who is not talking about it?

whitelytning posted...

Its been major news in all financial outlets for a month. Who is not talking about it?

The anime figure subreddit I go to

SupermanLost posted...

It is 6 banks

https://twitter.com/unusual_whales/status/1653869035917041664

First Republic? They collapsed? I just saw this on the Chase websight earlier

https://gamefaqs.gamespot.com/a/user_image/4/0/1/AAeZUIAAEchZ.png

Are we sure it wasn't just bought by Chase?

TaylorHeinicke posted...

First Republic? They collapsed? I just saw this on the Chase websight earlier

https://gamefaqs.gamespot.com/a/user_image/4/0/1/AAeZUIAAEchZ.png

Are we sure it wasn't just bought by Chase?

chase bought it last friday night/saturday

since then atleast 6 other banks have gone down/are on death's door.

There are how many banks in the states? I see no reason act like the sky is falling over 4 or 6.

Just make it to the TotK release, world.

NatsuSama posted...

There are how many banks in the states? I see no reason act like the sky is falling over 4 or 6.

mostly because most don't think it's even really started yet. we can't even admit we are in a recession. the only thing holding banks together right now is thoughts and prayers.

NatsuSama posted...

There are how many banks in the states? I see no reason act like the sky is falling over 4 or 6.

Over 4000

TaylorHeinicke posted...

Are we sure it wasn't just bought by Chase?

They were forced to sell to somebody. JPMorgan Chase takes on all their deposits and all First Republic branches will convert to JPMorgan branches.

ironman2009 posted...

mostly because most don't think it's even really started yet. we can't even admit we are in a recession. the only thing holding banks together right now is thoughts and prayers.

The people pushing this "recession" narrative are the ones who want a percieved recession for very transparent reasons they are dancing around. Even inflation is being manufactured to a large degree. Record profits, but inflation is not at fault of companies manufacturing inflation?

Common people aren't suffering drastically anymore than the past. Much of the suffering the poor is going through is thanks to manufactured economic struggles the rich create.

Yet I'm suppose to act like the sky is falling because 6* out of apparently 4000+ banks flopped? Or some rich asshole has to make cuts to afford more yachts and bonuses to themselves? Please.

Go sell that narrative to fox viewers.

NatsuSama posted...

The people pushing this "recession" narrative are the ones who want a recession for very transparent reasons they are dancing around.

Common people aren't suffering anymore than the past. Yet I'm suppose to act like the sky is falling because 6* out of apparently 4000+ banks flopped? Or some rich asshole has to make cuts to afford more yachts? Please.

literally what