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05-01-2023, 06:12 AM
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#1
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,577
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Another bank collapsed
Banks are collapsing like domino’s….
NEW - First Republic Bank has been seized by U.S. regulators. The bank will be sold to JPMorgan Chase.
This is the second largest bank failure in U.S. history. FDIC estimates a $13 billion loss to the deposit insurance fund.
U.S. Treasury said the country's banking system "remains sound and resilient" after the bank's collapse this morning.
Article
https://nypost.com/2023/05/01/u-s-re...jp-morgan/amp/
Nothing to see here.
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05-01-2023, 07:10 AM
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#2
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,577
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Quote
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05-01-2023, 10:07 AM
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#3
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Valued Poster
Join Date: Nov 11, 2012
Location: Pittsburgh
Posts: 16,225
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The Senile Biden economy strikes again !!!!!!!!!!
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05-01-2023, 01:17 PM
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#4
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Valued Poster
Join Date: Nov 11, 2012
Location: Pittsburgh
Posts: 16,225
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When the big banks gobble up the small fry, and then are “regulated” by the socialist crazy ass leftist politicians, here’s where you’ll end up:
Every penny you spend or earn, your travel, your energy consumption, all of it, will be monitored and taxed using the government’s new digital currency.
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05-01-2023, 03:06 PM
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#5
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,577
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Quote:
Originally Posted by berryberry
When the big banks gobble up the small fry, and then are “regulated” by the socialist crazy ass leftist politicians, here’s where you’ll end up:
Every penny you spend or earn, your travel, your energy consumption, all of it, will be monitored and taxed using the government’s new digital currency.
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Seems like it’s planned eh?
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05-01-2023, 04:51 PM
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#6
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Valued Poster
Join Date: Nov 11, 2012
Location: Pittsburgh
Posts: 16,225
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Karin Diversity Hire says they are "very confident" no more banks will fail — despite the second-, third-, and fourth-largest bank failures in history happening during the Senile Biden presidency.
https://twitter.com/i/status/1653126059166953474
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05-01-2023, 04:58 PM
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#7
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,577
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Quote:
Originally Posted by berryberry
Karin Diversity Hire says they are "very confident" no more banks will fail — despite the second-, third-, and fourth-largest bank failures in history happening during the Senile Biden presidency.
https://twitter.com/i/status/1653126059166953474
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Oh, it’s coming. Wonder when PNC will go down. Jamie Dimon makes Al Capone look like a Boy Scout.
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05-01-2023, 06:05 PM
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#8
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,577
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05-01-2023, 07:03 PM
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#9
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,577
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05-01-2023, 07:56 PM
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#10
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Premium Access
Join Date: Mar 16, 2016
Location: Steel City
Posts: 7,892
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Quote:
Originally Posted by bambino
Oh, it’s coming. Wonder when PNC will go down. Jamie Dimon makes Al Capone look like a Boy Scout.
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What would that look like for PNC depositors that are north of fdic insurance?
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05-01-2023, 11:05 PM
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#11
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Valued Poster
Join Date: Nov 11, 2012
Location: Pittsburgh
Posts: 16,225
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Quote:
Originally Posted by Jacuzzme
What would that look like for PNC depositors that are north of fdic insurance?
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Possibly SCREWED. Unless PNC has curried favor with Senile Biden and his lackeys like Silicon Valley Bank did where all deposits were insured, even above the FDIC limit
Technically those deposits are covered up to the FDIC limit and anything beyond that, they are at risk. They bailed out all depositors at Silicon Valley but stated that would not necessarily be the case at other banks
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05-02-2023, 04:54 AM
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#12
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,577
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Quote:
Originally Posted by Jacuzzme
What would that look like for PNC depositors that are north of fdic insurance?
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If you have deposits over the limit, take it out now. Buy precious metals. I like Silver. Keep them at home or in a secure place. Although I did see somewhere that the Fed now is approved to print up to 10 trillion to cover all bank losses. Just think what the dollar will be worth then?
JP Morgan now holds over $2.4 TRILLION in deposits. ��
Good thing we learned in 2008 that massive financial institutions are a good idea and they never phuck up royally. ��
#silver #gold
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05-02-2023, 05:03 AM
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#13
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Valued Poster
Join Date: Feb 21, 2019
Location: Pittsburgh
Posts: 514
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Your so-called protected at each bank to $250,000.00
At the same bank you can have an account in your name alone, one with you and your spouses name, one with you and a kid of yours ect, all protected to $250,000.00.
You can have several accounts protected at the same bank if each account is listed with different people.
Another option, go to $250,000.00 at separate banks.
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05-02-2023, 04:58 PM
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#14
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,577
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Banking liquidity Crisis is about to get BIG.
6 major regional banks have been halted in trading today, more than 37x cumulatively.
Regional Bank sector down 21%+ in market today.
#PACW down 25+%.
Image taken from Twitter, 1146 EST USA.
Bottom. Middle. Top.
FALL.
#FallofTheCabal
�� RealSGAnon
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