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Old 05-04-2023, 10:08 AM
 
4,938 posts, read 3,047,903 times
Reputation: 6733

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Quote:
Originally Posted by Lowexpectations View Post
Shockingly I know what month it is and that doesn’t change valuation comparison. It should be clear why there is a faulty aspect to it

Then I'll leave it to you, to further elaborate; as to why those reading this thread should be unconcerned.
While I watch the markets tank.
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Old 05-04-2023, 10:13 AM
 
26,191 posts, read 21,574,273 times
Reputation: 22772
Quote:
Originally Posted by Sunbiz1 View Post
Then I'll leave it to you, to further elaborate; as to why those reading this thread should be unconcerned.
While I watch the markets tank.
It’s flawed to compare banking failure valuations over suck a long period of time. Bank failures 10 years from now would most likely be larger than those today or 10 years ago. 20 years from now it would probably hold true again.

I didn’t tell anyone to be unconcerned
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Old 05-05-2023, 09:46 AM
 
Location: Earth
1,664 posts, read 4,363,884 times
Reputation: 1624
"The banking system is sound". Nice to see one of our local banks on the list of those needing a lifeline from the cartel known as The Fed.
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Old 05-05-2023, 11:06 AM
 
Location: Victory Mansions, Airstrip One
6,750 posts, read 5,049,080 times
Reputation: 9184
Quote:
Originally Posted by Lowexpectations View Post
It’s flawed to compare banking failure valuations over suck a long period of time.
That, plus he's conveniently forgetting that some huge financial companies only survived because of government intervention totaling over one trillion dollars. I'll be generous and assume Sunbiz was busy watching Barney and Friends at the time.

https://www.reuters.com/article/us-c...4AJ45G20081125
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Old 05-05-2023, 02:04 PM
 
26,191 posts, read 21,574,273 times
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Quote:
Originally Posted by hikernut View Post
That, plus he's conveniently forgetting that some huge financial companies only survived because of government intervention totaling over one trillion dollars. I'll be generous and assume Sunbiz was busy watching Barney and Friends at the time.

https://www.reuters.com/article/us-c...4AJ45G20081125


Fair point about all the rescue/bailouts being overlooked
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Old 05-08-2023, 07:42 AM
 
4,938 posts, read 3,047,903 times
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Quote:
Originally Posted by hikernut View Post
Sunbiz was busy watching Barney and Friends at the time.

20 years ago, my response would have been; I was busy with your wife.
But actually, I was researching which banks actually own the Fed Res.
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Old 05-08-2023, 09:23 AM
 
Location: Orange County, CA
4,901 posts, read 3,358,842 times
Reputation: 2974
Quote:
Originally Posted by Shuffler View Post
"The banking system is sound". Nice to see one of our local banks on the list of those needing a lifeline from the cartel known as The Fed.
I'm sure it's nothing to worry about /sarc
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Old 05-08-2023, 11:14 AM
 
4,938 posts, read 3,047,903 times
Reputation: 6733
According to the below link, there are 722 banks in trouble.

https://www.federalreserve.gov/super...h-20230214.pdf

"At third quarter end, 722 banks reported unrealized losses exceeding 50% of
capital"
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Old 05-08-2023, 11:30 AM
 
18,801 posts, read 8,465,846 times
Reputation: 4130
Quote:
Originally Posted by Sunbiz1 View Post
According to the below link, there are 722 banks in trouble.

https://www.federalreserve.gov/super...h-20230214.pdf

"At third quarter end, 722 banks reported unrealized losses exceeding 50% of
capital"
One of two things may happen. Either rates come down soon enough and this problem disappears, or the Fed steps in. This is not the end of times.
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Old 05-08-2023, 12:18 PM
 
5,149 posts, read 3,080,320 times
Reputation: 11034
Quote:
Originally Posted by Hoonose View Post
One of two things may happen. Either rates come down soon enough and this problem disappears, or the Fed steps in. This is not the end of times.
“or the Fed steps in”

They’ve already stepped in it.

Yes, the banks that for years offered loans at 3% now can’t pay depositors 4% — they are fooked. That problem (along with CRE) might be fixable with targeted bailouts. But what about the 20% of Americans currently using credit to buy food? Do you think the Fed can paper that over?
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