What is in your wallet ?
Cap One
Timmmmmmmmmmmber
What is in your bank ?
Capitol One Credit Default Swaps are now surging faster then during the global predicaments of early 2020.
This banking crisis is far from over.
Ohhh, Cap One is next. byebye! I was wrong on the USBancorp call.
Biden sends a stern warning to the banking sector telling it to stop collapsing.
Hey capital one, what’s in YOUR wallet?
Yellen no showing up to work getting ready to bail out capital one ?
So credit swaps are a derivative to insure the risk of taking bonds? If it goes up it means they are losing on the spread ? Trying to wrap my head around
Cap One was aggressively up-pricing deposits so plausible they have a significant HTM & AHFS negative spread exposure.
if people were unable to pay their increasing mortgages on homes that were rapidly growing in value, those mortgage-backed securities would default. He took his theory a step further, raised $107 million in capital, and used those funds to bet against MBS. 1/2
Capital One preparing to call in all credit card debt & car loans. C1 has dropped overdraft fees as consumer defaults have risen to all time highs. No new car loans are being offered by car dealerships with C1 due to poor loan deals.
MARKETS SPOOKED BY YELLEN
TREASURY SECRETARY CAUSES MASSIVE SELLOFF
Investors flee after no promise bank deposit insurance will be upped.
Traders sell everything in sight after Treasury Secretary said no unlimited backstop for deposits.
what will C1 do without a bailout ?
YELLEN THROWS COLD WATER ON IDEA OF UNLIMITED INSURANCE FOR BANK DEPOSITS.
Margin Calls