Another bank collapsed

3 minute video.

https://m.youtube.com/watch?v=_bafbTwLOtw

Informative

JUST IN:

Dozens of regional bank stocks are plunging today, as the bank crisis continues to gain momentum.

PacWest, $PACW: -36%
Western Alliance, $WAL: -31%
Metropolitan Bank, $MCB: -27%
HomeStreet, $HMST: -23%
Zions Bank, $ZION: -15%
KeyCorp, $KEY: -9%
HarborOne, $HONE: -10%
Citizens Financial, $CFG: -12%

#BankCrisis #Bank #Recession

https://twitter.com/WhaleWire/status...102746624?s=19

Senile Biden and the Federal Reserve are singlehandedly destroying all US regional banks to make JPMorgan the biggest bank in existence

PacWest crashing 50% after hours as it explores options

This is unprecedented humiliation for the Federal Reserve and the Senile Biden Admin

Just 2 hours earlier, Powell said US banking system is "sound and resilient", seemingly unaware that yet another of the largest California banks was teetering on the edge.

How is this level of incompetence possible

https://media.giphy.com/media/1216HpvhbzganS/giphy.gif

https://t.me/phil_godlewskii/11462

And it only just begun.

Chris Whalen is a very well respected bank analyst. He is intimately tied into the Fed/FDIC and the banking system. He has publicly stated that the current team of Washington bureaucrats is woefully short of market understanding. He says it is the weakest team in something like 40 years

Bank crisis now bigger than 2008

meanwhile Senile Biden and Janet Yellen keep pretending all is well

Bank crisis now bigger than 2008

meanwhile Senile Biden and Janet Yellen keep pretending all is well Originally Posted by berryberry

It’s a controlled demolition. Who’s controlling it? The white hats or the black hats? Either way it’s a good time to get as much as your money out now and buy some assets. Precious metals for example.

Breaking: PACWEST SAID TO WEIGH STRATEGIC OPTIONS, INCLUDING SALE $PACW

Down 23% after the market closed.

We have our next Friday bank failure for the FDIC auction this weekend.

For the first time in US history, all US regional banks in the banking sector are below the Red Line.

https://twitter.com/whalewire/status...mN-hvmy_gllbpg

How big are the failures when normalized for inflation? Just asking.

How big are the failures when normalized for inflation? Just asking. Originally Posted by HDGristle

The 4 banks that crashed are bigger than the 2008 crash adjusted after inflation.

https://nypost.com/2023/05/01/this-y...08-crisis/amp/