How soon does the bank closure in california spill over to other banks, and at what point will the bank runs start?
few sounds like an understatement
how is the FDIC insured? If a bunch of banks go tits up gonna hit everyone at once. I recall and this may be wrong that the FDIC does not have to pay the full amount you had in even if it was under those amounts. They give you a percentage of what you had at some point. MIght be wrong on that.
https://www.politico.com/magazine/story/2017/03/trumps-wiretap-rant-betrays-ignorance-of-the-law-214870/
found this article also did a search for SVB and foreign but kept getting the Silicon Valley one. Might be the same. Interesting if it is.
https://www.reuters.com/article/svbfinancial/update-1-svb-financial-to-repay-all-tarp-funds-idUKSGE5BH0F220091218
svb seems to have had problems with the government previously over a decade ago. Still trying to see what other ties it might have everything is the current new story.
both under obama. Blaming trump. Why this bank? why did jim cramer recomend it. He has to be under investigation because he is manipulating people as well, fuck him.
again, this happened a few weeks ago or was that bank of america. there was a story maybe a month ago where people were having the same issue.
how is jim cramer the huge faggot that he is allowed to be on television giving financial advice?
Other shows get in trouble if their hosts give that type of information, what gives him the legal protection other than just being a deep state homo?
it would almost have to. its him telling idiots what companies the ds wants them to put their fake money into. entire system is a sham.
I have to believe this ties in somehow to that credit suisse bank shit in europe. Just wondering what the next domino is to fall or if this is a controlled take down.
banks runs will happen no matter what and I am doubting any of those people could pull anything out. The FDIC says it will have the peoples money at least in previous cases of bank failure asap, but their is not rule officially that I could find when those funds have to be returned. My question is it appears that the FDIC does not have enough to cover all the current deposits in america if all the banks fail at once. This is just the start.