Bailouts coming? Banks panic as silvergate collapses

[Godless Socialist CEO]

...but raising rates is literally the natural way to slow the economy.

I see we still have people believing the narrative being pushed by corporations and their stooges about “inflation” despite sitting members of congress literally showing over and over again what those insane price hikes actually were

Not to mention smaller fed banks have also said the same thing as those sitting members of congress, but alas some people just will do anything to bootlick capitalism.

Anyways what Powell is doing is reckless and dangerous. It’s also a malicious attack on the labor movement

 

[Mook]

...but raising rates is literally the natural way to slow the economy.

Right. Inflation is a critical problem that must be solved immediately and raising rates is the only thing the fed can do to combat inflation.

Be mad at congress for not doing its part and raising taxes.

 

[Ed MOTHERFUCKING G]

I don’t think this will take down the banks the way Sterns did.

But I wouldn’t expect banks to be doing a lot of lending in the summer. Construction projects will take a major hit.

some have already stopped construction lending

 

[Ed MOTHERFUCKING G]

I see we still have people believing the narrative being pushed by corporations and their stooges about “inflation” despite sitting members of congress literally showing over and over again what those insane price hikes actually were

Not to mention smaller fed banks have also said the same thing as those sitting members of congress, but alas some people just will do anything to bootlick capitalism.

Anyways what Powell is doing is reckless and dangerous. It’s also a malicious attack on the labor movement

ok.

 

[ogc163]

 

[ADevilYouKhow]

Silvergate isn’t really a “bank”

 

[88m3]

 

[Payday23]

Right. Inflation is a critical problem that must be solved immediately and raising rates is the only thing the fed can do to combat inflation.

Be mad at congress for not doing its part and raising taxes.

Congress isn't going to raise taxes on the people who put them in power.

 

[Starski]

Right. Inflation is a critical problem that must be solved immediately and raising rates is the only thing the fed can do to combat inflation.

Be mad at congress for not doing its part and raising taxes.

You can 100% blame Powell for keeping monetary policy loose for so long. I get it during peak Covid but business we’re posting record profits afterwards and the outlook was great and he still had his foot on the gas.

 

[bnew]

You can 100% blame Powell for keeping monetary policy loose for so long. I get it during peak Covid but business we’re posting record profits afterwards and the outlook was great and he still had his foot on the gas.

before covid trump was urging him to do that. trump was even considering replacing him because he wanted the market pumped.

 

[bnew]

THE INDICATOR FROM PLANET MONEY​

The Fed's radical new bank band-aid​

April 10, 20235:51 PM ET
By Darian Woods Mary Childs Corey Bridges Kate Concannon

Alex Wong/Getty Images

Given the rough time banks were having last month, the Federal Reserve rolled out a new plan that gives banks a new way to borrow money. It's called the Bank Term Funding Program and while it's a boon for banks, it has costs and risks.

Today, we uncover what makes the Bank Term Funding Program a unique wrench in the Fed's toolkit."></a>

 

[bnew]

First Republic Bank Expected to be Seized by US Government

First Republic Bank ($FRC) is expected to be seized by the US government, a report by Fox Business Network says.

watcher.guru

First Republic Bank Expected to be Seized by US Government​

Michael Grullon
April 25, 2023

Source: The Hill

First Republic Bank ($FRC) is expected to be seized by the US government, a report by Fox Business Network says. According to Fox’s Charles Gasparino, bankers working with First Republic say that they expect eventual government receivership for the ailing bank. This will come after it exhausts private sector solutions such as asset sales and finding a buyer, both of which “appear difficult.”



First Republic lost more than 40 percent of its deposits, approximately $72 billion, in the first quarter of this year. Its shares sank nearly 50 percent as of end-Tuesday. This is according to a Monday announcement by the bank.

The bank has seen record drops over the past month and a half, particularly since the Silicon Valley Bank was closed in March. Multiple big banks have also struggled, however, it looks like First Republic will be falling into the hands of the US government soon.

Source: CNBC
Fox Business’ Charles Gasparino also adds:

“Officials at the big banks believed the Fed was poised last week to take over FRC just before its earnings announcement crushed shares.”

The seizure is not final yet, however, it is very likely to occur according to Gasparino. Shareholders are also suing First Republic as of yesterday. They accuse the bank of concealing how rising interest rates impact business models by prompting an exodus of deposits.

 

[bnew]

 

[bnew]

https://archive.is/mQToQ

 

[bnew]

First Republic Bank to be taken over by FDIC: Report

The FDIC is planning to take ownership over First Republic Bank imminently and says that there's no time for the bank to go after a private sector rescue, according to a report from Reuters.

www.foxbusiness.com

Published April 28, 2023 5:05pm EDT

First Republic Bank to be taken over by FDIC: Report​

The FDIC has decided that the bank has no more time to pursue a private sector rescue​

First Republic Bank stock crashes as banking fears resurface​

Barron's reporter Carleton English discusses First Republic Bank's dramatic stock fall on 'The Claman Countdown.'
First Republic Bank will be placed under the receivership of the U.S. Federal Deposit Insurance Corporation imminently, according to a report.

Reuters reported on Friday that the FDIC has decided that the regional bank's position has deteriorated, leaving no more time to go after a private sector rescue, a source told the outlet.

A First Republic Bank branch in New