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Silicon Valley Bank and Wells Fargo

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IowaShooter

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Discussion Starter · #1 ·
SVB was taken over by regulators

Feds Take Over Silicon Valley Bank in Biggest Bank Failure Since 2007
redstate.com

Feds Take Over Silicon Valley Bank in Biggest Bank Failure Since 2007

The collapse can be felt in the markets today, but the long-term effects on the financial sector may not be as serious.
redstate.com redstate.com


Wells Fargo deserves to be punished severely (again) for their incompetence

Wells Fargo Customers Complain About Missing Deposits, Fresh off the Silicon Valley Bank Collapse

redstate.com

Wells Fargo Customers Complain About Missing Deposits, Fresh off the Silicon Valley Bank Collapse

Between Wells Fargo and Silicon Valley Bank, it's time to go to the mattresses.
redstate.com redstate.com
 
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bc38

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#2 ·
Wells Fargo is one slimy institution. With opening fraudulent accounts with out customers knowledge, laundering drug $, Improper mortgage lending, etc.
I'm sure with the Gov. running them things will be much better :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO:
 
Oldoutlaw

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#8 ·
Coalcracker said:
Some of the banks in my area keep changing names. I wonder what is up with that?
Click to expand...
Sold to someone else most likely. I see a few like that here every so often. A local family owned Bank here sold out to another of the same type. The older man of the family wanted to just retire. Did not trust his kid to take over.
 
IowaShooter

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Discussion Starter · #10 · (Edited)
Speed said:
Signature Bank of NY failed yesterday. I think today may be a very bad day for the economy. We’ll see I guess.
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I was simply trying to read an article about the collapse you mentioned and I ran into this

Wow… HA HA HA…does Pres.Trump still live inside the heads of folks who errantly call themselves journalists or what?!!… here’s an excerpt from an article on Newsmax about the Signature collapse.

here‘s the excerpt and link…

“The bank had a long-standing relationship with former President Donald Trump and his family, providing Trump and his business with checking accounts and financing several of the family's ventures. Signature Bank cut ties with Trump in 2021 following the deadly Jan. 6 riots on Capitol Hill, and urged Trump to resign.​
​
​
what the heck… J6 was NOT deadly (except when Capitol police murdered Ashli Babbitt for no reason) and who cares how much of a never-Trumper the bank has become. freaking idiot, moron writers and editors

iMHO… good riddance to another leftist, probably WOKE bank
 
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gvaldeg1

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#12 ·
The whole bank situation is turning around and both the DOW and NASDAQ composite indices are up at 11:00 AM MST (I'm in Arizona). This may not hold to the end of the trading day but I don't thing that we'll see a repeat of 2008.
 
jmf552

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#14 ·
Something to know is that a few banks fail almost every year, even in good years. Since 2009, 513 banks have failed. In 2010, at the height of that recession, 157 banks failed in one year. We are not seeing anything like that this year so far.
 
Square target

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#16 ·
Coalcracker said:
Some of the banks in my area keep changing names. I wonder what is up with that?
Click to expand...
What outlaw said, they are often sold to other banks. Even in our small area this is semi common. Usually when a company is sold there is a slow transition and sometimes the old name is used for some time. Not so with banks. We often deliver roll off containers when there is a name change. We deliver them in the afternoon and pick them up first thing in the morning before they open. They work through the night and remove every single thing inside and outside with the old banks name and replace it with the new bank name.

Of course all of this bank failure problems is due to Trump and not biden, inflation or the Fed interest rates. 20 years from now we'll be hearing any problem is Trumps fault. On the bright side, it's not Bush's fault anymore...:rolleyes::rolleyes:
 
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IowaShooter

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Discussion Starter · #17 ·
www.breitbart.com

Next Bank to Fail? Switzerland's Credit Suisse Shares Fall to All-Time Low

Warnings have emerged of a wider banking collapse, with a leading financial expert warning that Credit Suisse may be the next to fall.
www.breitbart.com www.breitbart.com

an excerpt from above…


“The problem is the bond market, and my prediction, I called Lehman Brothers years ago, and I think the next bank to go is Credit Suisse because the bond market is crashing,” Kiyosaki told Fox Business on Monday. “The bond market is much bigger than the stock market. The Fed is up and they’re the firemen and the arson.”

“The US dollar is losing its hegemony in the world right now. So they’re going to print more and more and more of this… trying to keep this thing from sinking.”

“The [Federal Reserve] and the [Federal Deposit Insurance Corporation] are signalling hyperinflation which makes gold and silver even better because [the dollar] is trash. They are going to print more and more of this fake money. This is what the Fed and the FDIC are signalling, that we are going to print as much of this as possible to keep the crash from accelerating, but they are the guys causing it,” Kiyosaki added.
 
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gvaldeg1

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#18 ·
IowaShooter said:
www.breitbart.com

Next Bank to Fail? Switzerland's Credit Suisse Shares Fall to All-Time Low

Warnings have emerged of a wider banking collapse, with a leading financial expert warning that Credit Suisse may be the next to fall.
www.breitbart.com www.breitbart.com

an excerpt from above…


“The problem is the bond market, and my prediction, I called Lehman Brothers years ago, and I think the next bank to go is Credit Suisse because the bond market is crashing,” Kiyosaki told Fox Business on Monday. “The bond market is much bigger than the stock market. The Fed is up and they’re the firemen and the arson.”

“The US dollar is losing its hegemony in the world right now. So they’re going to print more and more and more of this… trying to keep this thing from sinking.”

“The [Federal Reserve] and the [Federal Deposit Insurance Corporation] are signalling hyperinflation which makes gold and silver even better because [the dollar] is trash. They are going to print more and more of this fake money. This is what the Fed and the FDIC are signalling, that we are going to print as much of this as possible to keep the crash from accelerating, but they are the guys causing it,” Kiyosaki added.
Click to expand...
Credit Suisse is the bank that has issued the PAMP Lady Fortuna gold bars for a long time,
 
Stamps6

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#20 ·
The board of directors for SVB are a bunch of Democrat donors. They gave $75 million to BLM!
The BOD. Has basically no real bankers on its board and this WOKE crowd donated it’s way into the toilet. People are going to profit from this collapse. Gavin Newsom praised Joe Biden’s rapid response all while not saying anything about the massive amount of money he has in this bank.
 
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