(Thread IKs:
skooma512)
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Thoguh posted:The fact that depositors were almost assured of getting the overwhelming majority of their money after a fairly short period of time is part of why this move was so insane. The rich people weren't even going to take more than a minor loss on this, if any at all! Any reasonably well run company caught out of sorts by this would have been able to find a way to get some cash flow for the time period between now and when their money re-appeared and any rich person caught out by this would have simply had a little less money for a few weeks or maybe a few months at most. There was no need to do this!
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Mar 13, 2023 16:25
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| # ? May 24, 2024 14:49 |
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Repostin for the new thread This is an insanely shaky pull but First Republic iirc was one of the worst of the mbs issuing banks in the aughts and was bailed out twice thru deals engineered with the fed govt quote:On January 29, 2007, First Republic announced they would be purchased by Merrill Lynch for $1.8 billion.[11] The company was to be operated as a separate business of Merrill Lynch.[12] The Merrill transaction was finalized on September 21, 2007. Robert J. McCann, president of Merrill's Global Wealth Management group stated their purpose was to accelerate their strategy of "growing our high net worth, private banking business."[13] Over the same weekend that Lehman Brothers Holdings filed for Chapter 11 bankruptcy protection, on September 15, 2008, Merrill Lynch and its subsidiaries were acquired by Bank of America.[14] What has it been up to recently? quote:First Republic is preparing a private-label residential mortgage-backed securities transaction and could be the first bank to launch this type of deal since the coronavirus initially roiled U.S. markets in mid-March. Are any mainstream media or politicians gonna mention this? 
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Mar 13, 2023 16:25
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Mr Hootington posted:Markets are convinced the fed will pause or cut rates now they will
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Mar 13, 2023 16:25
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Mr Hootington posted:https://twitter.com/JustinWolfers/status/1635296789661372418?t=Ay579HLF-_VIhK_0nvVucw&s=19 This fucker's face does me severe damage every time it's posted. FlapYoJacks posted:lol wtf is up with number today? So many bargains to buy. I hear that HSBC picked up the British operations of a bank for £1 today! Also throw Bill Ackman into a prison. Ideally a prison located at the bottom of the Marianas Trench
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Mar 13, 2023 16:26
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Cmon Powell. Do number a solid and put in for a 50bps hike!
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Mar 13, 2023 16:26
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were going to let inflation keep rising because ultimately the poor suffer the turds at the top their fine
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Mar 13, 2023 16:26
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Has any rich people jumped out of a window yet?
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Mar 13, 2023 16:27
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webcams for christ posted:wait what lmao
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Mar 13, 2023 16:28
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Penisaurus Sex posted:wonder if we’ll get a doped up Joe Biden speech around 3 to try and massage things upwards before close a second presser by ol joe would be catastrophic
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Mar 13, 2023 16:28
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Good Soldier Svejk posted:Gonna need an alt check on Pepe and Hoot ?????
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Mar 13, 2023 16:28
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Iron Crowned posted:Has any rich people jumped out of a window yet? yes but into a swimming pool full of cash
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Mar 13, 2023 16:28
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Mr Hootington posted:????? I was making a joke that the person cheering you on as an IK is a puppet account
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Mar 13, 2023 16:29
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poor regional mom and pop banks about to go belly up
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Mar 13, 2023 16:30
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webcams for christ posted:wait what lmao inflation you say????????
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Mar 13, 2023 16:31
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Good Soldier Svejk posted:I was making a joke that the person cheering you on as an IK is a puppet account Oh. So pepe is CBO? Because I'm supposedly a CBO alt
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Mar 13, 2023 16:32
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something tells me china or maybe russia were involved in creating this fud on social media. tiktok must be banned immediately.
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Mar 13, 2023 16:32
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Hahahahahahahaha How The gently caress Is Banking Real Hahahaha Dude Just Walk Away From The Economy Like Dude Close Your Accounts Haha
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Mar 13, 2023 16:33
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HallelujahLee posted:i legit forgot i was in there but its good for some laughs and by laughs i mean at the lengths they will go to protect and absolve dems okay you can just spend a month in our reeducation camp then. thanks for your honesty
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Mar 13, 2023 16:33
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when does the Fed announce BPS number?
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Mar 13, 2023 16:33
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RealityWarCriminal posted:they will I think they're gonna do 50 again. Guess we'll have to see.
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Mar 13, 2023 16:33
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RealityWarCriminal posted:something tells me china or maybe russia were involved in creating this fud on social media. tiktok must be banned immediately. I want this to be fake news that spreads in lib circles. Drive us all insane knowing it was Peter theil and 200 tech ceo morons who did it
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Mar 13, 2023 16:34
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FlapYoJacks posted:when does the Fed announce BPS number? March 22
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Mar 13, 2023 16:34
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In Training posted:March 22 What the gently caress. It’s my blood and I want it now!!!
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Mar 13, 2023 16:35
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mistermojo posted:poor regional mom and pop banks about to go belly up they shouldnt have went woke
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Mar 13, 2023 16:35
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FistEnergy posted:okay you can just spend a month in our reeducation camp then. thanks for your honesty fair
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Mar 13, 2023 16:35
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RealityWarCriminal posted:they will nah 25 bps at least
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Mar 13, 2023 16:36
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Mr Hootington posted:????? Pepe Silvia Browne posted:good call,
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Mar 13, 2023 16:36
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https://twitter.com/RepMTG/status/1635084484784672769
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Mar 13, 2023 16:37
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Mr Hootington posted:Oh. So pepe is CBO? Because I'm supposedly a CBO alt I'll accuse you of many things, but never of being the Congressional Budget Office
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Mar 13, 2023 16:37
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spacemang_spliff posted:lol
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Mar 13, 2023 16:37
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FlapYoJacks posted:when does the Fed announce BPS number? Next week, but CPI is tomorrow. If it's still elevated that makes it much less likely that the Fed pauses.
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Mar 13, 2023 16:37
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I want a bank failure gimmie a bank failure
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Mar 13, 2023 16:37
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FlapYoJacks posted:What the gently caress. It’s my blood and I want it now!!! tomorrow is CPI report, inflation will still be going up, rates will raise. There's no pivot coming.
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Mar 13, 2023 16:37
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Doom - CANCELLED Crisis - RESOLVED Blood - ABSENT Wrap it up doomailures!!!! The system continues to find innovative ways to stay alive and piss everyone off.
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Mar 13, 2023 16:38
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crisis priced in, ATH by friday my faith in number is strong
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Mar 13, 2023 16:39
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Bitcoin 24k lol
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Mar 13, 2023 16:40
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gently caress COREY PERRY posted:I want a bank failure Banks cannot fail, they can only be failed
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Mar 13, 2023 16:40
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still time to buy the first republic dip before it goes to the moon!
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Mar 13, 2023 16:40
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net work error posted:Bitcoin 24k lol Number lusts for the sweet sweet nectar of the unregulated markets.
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Mar 13, 2023 16:40
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| # ? May 24, 2024 14:49 |
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still seething about this  e: 
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Mar 13, 2023 16:41
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