Are The USA Banks / Banking System Solvent?

[Schmed]

SVB made their money lending VC money to startups, etc.

Those very customers turned around, liquidated their accounts, and put them out of business.

Biting the hand that feeds you....

[m j b]

Originally Posted by Krash

Problem is some guy went on CNBC yesterday and said Credit Suisse is going to collapse next. That might not have been true, but now it created panic.

According to Yahoo! Finance this morning:

The European bank's stock fell more than 20%, plunging to a record low after its biggest backer said it could not provide any more assistance. Credit Suisse on Tuesday disclosed in a report that it had identified "material weaknesses" in controls over financial reporting.

So that's quite a bit more concerning than some "analyst" spouting opinions.

[Krash]

Originally Posted by m j b

According to Yahoo! Finance this morning:

The European bank's stock fell more than 20%, plunging to a record low after its biggest backer said it could not provide any more assistance. Credit Suisse on Tuesday disclosed in a report that it had identified "material weaknesses" in controls over financial reporting.

So that's quite a bit more concerning than some "analyst" spouting opinions.

That's nothing. That doesn't indicate failure or imminent collapse. How does one make that leap? Frckn crazy.

[m j b]

Originally Posted by Krash

That's nothing. That doesn't indicate failure or imminent collapse. How does one make that leap? Frckn crazy.

In the past couple of years, every time I had the sniffles or felt less than 100% my wife would say "YOU'VE GOT COVID, GET TESTED!!!!"

Ironically, I did eventually get it in January. So I guess she was right.

[beshannon]

Originally Posted by Krash

That's nothing. That doesn't indicate failure or imminent collapse. How does one make that leap? Frckn crazy.

Such is the state of the world today.

Buying opportunity for me

[BroncoOne]

Originally Posted by HHIslander

If you’re a depositor, the US banking system has never been safer than it is since Sunday.

If you’re a stock or bond holder in any bank that’s not systemically important, different story.

Well, the federal government just backstopped a bank investor’s biggest liability: (formerly) uninsured deposits over $250,000.

If this is a policy shift, it’s a freaking huge one. Bank managers were already acting like drunks snorting cocaine at a craps table

Oddly, I just re-watched The Big Short last week on a flight to Las Vegas.

[superdog]

Originally Posted by m j b

According to Yahoo! Finance this morning:

The European bank's stock fell more than 20%, plunging to a record low after its biggest backer said it could not provide any more assistance. Credit Suisse on Tuesday disclosed in a report that it had identified "material weaknesses" in controls over financial reporting.

So that's quite a bit more concerning than some "analyst" spouting opinions.

Buddy of mine told me, six months ago, CS and DB would be closing within the year.

I’m getting to the point where I’m a buyer, but not yet. I’m still convinced we have a long way down to go. Way too many cracks in the system. I think we are going to see one or two very bloody days.

This volatility is a tad bit wonky. I think we see a lot more failures, in the system as a whole, coming.

[EEpro]

Originally Posted by BroncoOne

Well, the federal government just backstopped a bank investor’s biggest liability: (formerly) uninsured deposits over $250,000.

If this is a policy shift, it’s a freaking huge one. Bank managers were already acting like drunks snorting cocaine at a craps table

Oddly, I just re-watched The Big Short last week on a flight to Las Vegas.

Socialism for the rich in action. We need to return to free market principles FAST.

[superdog]

Originally Posted by m j b

In the past couple of years, every time I had the sniffles or felt less than 100% my wife would say "YOU'VE GOT COVID, GET TESTED!!!!"

Ironically, I did eventually get it in January. So I guess she was right.

That’s a solid analogy.

[enjoythemusic]

Originally Posted by 77T

Age of easy money sunset has switched off the lights at two banks..... This is not “transitory” methinks. ... Interesting history of Fed actions.

As this is the THIRD central banking scheme for the United States of America, am curious what the fourth one will be. Read up on what happened to the first two systems to learn more / see the results.

Originally Posted by Krash

Swiss bank Credit Suisse is now said to be at risk. This is a European bank, not American. Credit Suisse shares tumbled 24% on European markets over night because of this, and trading was halted several times.

Isn't the ONLY 'American' bankster to go to jail due to the USA 'investment banking' system's 2007/2008 fraud debacle from Credit Suisse?

Why yes it is!

Kareem Serageldin was an executive at Credit Suisse and was the only banker in the United States to be sentenced to jail time as a result of the financial crisis of 2007–2008, a conviction resulting from mismarking bond prices to hide losses.

History might not repeat itself, but it can rhyme. I expect no jail time for anyone from any USA bank / Federal Reserve system, other than perhaps a Credit Swiss banker. Who do you think they'll sacrifice this time around?

[glenn_herwig]

See my posts from months ago in Talking stocks 2.0

For full disclosure I’m short both companies.







Sent from my iPhone using Tapatalk

[huncho]

Originally Posted by enjoythemusic

As this is the THIRD central banking scheme for the United States of America, am curious what the fourth one will be. Read up on what happened to the first two systems to learn more / see the results.





Isn't the ONLY 'American' bankster to go to jail due to the USA 'investment banking' system's 2007/2008 fraud debacle from Credit Suisse?

Why yes it is!

Kareem Serageldin was an executive at Credit Suisse and was the only banker in the United States to be sentenced to jail time as a result of the financial crisis of 2007–2008, a conviction resulting from mismarking bond prices to hide losses.

History might not repeat itself, but it can rhyme. I expect no jail time for anyone from any USA bank / Federal Reserve system, other than perhaps a Credit Swiss banker. Who do you think they'll sacrifice this time around?

CS wiki has a controversy section that's probably larger than the rest of the wiki itself. i don't know how they can keep getting involved in scandals and get away with it, well maybe until now

[Ballzzz]

CS largest investor says "no more capital", doesn't look promising.

[enjoythemusic]

Look everyone, I'm all for an honest, fair, and stable system. Stable, as in true stability*. Confidence is inherent within the 'system', so not a worry at all / intrinsic within society. This benefits everyone equally. A fair 'playing field'.

Let us hope humans find a solution... soon.



PS: Today's CNBC drinking game. Every time you hear the word "confidence" take a drink.

*Stability as in 0% 'inflation'.

[enjoythemusic]

Originally Posted by huncho

CS wiki has a controversy section that's probably larger than the rest of the wiki itself. i don't know how they can keep getting involved in scandals and get away with it, well maybe until now

Wells Fargo... discuss. Pretty please let us not discuss WF, yet am sure you understand my point.

Iceland's action was interesting in 2007/2008, yet imho we need to work the true solution versus wave after wave of problems.

Stability.

Homelessness is getting worse, theft and other societal issues rising....

Apologies as think I'm 'soap boxing' a bit much this morning. Tho yeah, in the end the current system has endless Dollars for whatever Pipers need to be paid. I look forward to solutions.

[Chewbacca]

The TS’s are now calling me asking to buy their inventory and the YouTube influencers are talking up Seiko 5s and Swatches.

(Now I’m nervous)

[Chewbacca]

Zoom screen grab of the TS’s looking at my bulk offer for their inventory. (Might as well see, right?)

[m j b]

Originally Posted by glenn_herwig

See my posts from months ago in Talking stocks 2.0

In regards to the Jim Cramer comments, isn't there now an inverse-Cramer ETF that bets against every one of his recommendations?

Yes, found it. SJIM. There's also a long fund, LJIM. Both were recent creations, but so far the short is out-performing the long.

[Chewbacca]

Originally Posted by m j b

In regards to the Jim Cramer comments, isn't there now an inverse-Cramer ETF that bets against every one of his recommendations?

Yes. And it’s up 813%

[Chewbacca]

He’s also sensitive about it.

[EEpro]

Lol. FJIM would have been funnier than SJIM.

WSJ disapproves as well.

https://www.wsj.com/articles/betting...-them-3f5f2c1c

[SDGT3]

Originally Posted by Ballzzz

CS largest investor says "no more capital", doesn't look promising.

Saudi National Bank is at 9.8% ownership of CS. If they breach 10% it triggers much more regulatory actions.

[GB-man]

[Chewbacca]

Originally Posted by GB-man

That’s my broker!

[MrGoat]

Sent from my Apple privacy invasion product

[enjoythemusic]

The Fed should announce accepting US Debt / Treasuries as the same as 'Cash Reserves' being held by the Fed. So banks give Fed all this underwater USA Debt. Interest for reserves is ~4.75% and so like Magic all USA Debt held by Fed 'as reserves' gets 4.75%.

Ok, you may now be thinking how can the banks get the 1% or 2% or whatever face 'value' on the original Treasury Debt Note AND the Fed's 4.75%. See, here is where the Fed ''''''avoids moral hazard''''' by only 'allowing' the ~4.75% in total.

Newfound confidence that buying USA Debt is safe and sound.

See, all solved.

Note: Don't ask how the Fed will 'pay' for this, don't dare bring it up. All will be fine.

[330ci]

Originally Posted by enjoythemusic

The Fed should announce accepting US Debt / Treasuries as the same as 'Cash Reserves' being held by the Fed. So banks give Fed all this underwater USA Debt. Interest for reserves is ~4.75% and so like Magic all USA Debt held by Fed 'as reserves' gets 4.75%.

Ok, you may now be thinking how can the banks get the 1% or 2% or whatever face 'value' on the original Treasury Debt Note AND the Fed's 4.75%. See, here is where the Fed ''''''avoids moral hazard''''' by only 'allowing' the ~4.75% in total.

Newfound confidence that buying USA Debt is safe and sound.

See, all solved.

Note: Don't ask how the Fed will 'pay' for this, don't dare bring it up. All will be fine.

Once the gig is up,invoke Marshall law, seize civilian assets like they did in the great depression in exchange for federal reserve notes and restart the game again.

Only difference is we'll get USDCs this time.

For those without any gold and silver or crypto,, give them a few bucks to start out as we know statistically 1% is going to end up with everything again anyways.



I feel like I've done alot of market speculating over the past few years but the only thing I've truely invested in is bullion. Eventually i feel it will average out to a reasonable gain.

I have a decent crypto portfolio as well but Crypto is too much fun to dump on the highs and buy on the lows in comparison though without any premiums.

[SDGT3]

So much for "there will be pain"...

[Easy E]

Originally Posted by EEpro

Socialism for the rich in action. We need to return to free market principles FAST.

The current system is the ultimate Moral Hazard in action.

[EEpro]

Originally Posted by Easy E

The current system is the ultimate Moral Hazard in action.

The way this played out is also setting up a great future model for how to extract cash from the treasury to fund pet political causes under the guise of saving the system.