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Are more Bank Failures on the horizon in the Biden Economy????

  • Offline p_rushing
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#39
03-13-2023, 09:45 PM

(03-13-2023, 08:31 PM)mikesez Wrote:
(03-13-2023, 07:57 PM)p_rushing Wrote: The FDIC insurance is limited and doesn't have enough to fund every account to the limit. Now they just covered a ton more. If more banks start failing, the fund will not have enough money to cover everyone. The regular people will be left getting prorated amounts if too many fail.


There were rumors that another bank was poaching clients last week and billions were moved. The movement alone was what caused the failure. I haven't looked today but I don't think they were totally underwater. Hopefully the sale of assets will cover most of the deposits so the taxpayers aren't on the hook for all the liberals' money.

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Please don't make this about ideology or division.  We know multiple Trump donors had money in SVB.
Check who had the most money in the bank. It was the tech industry bank and China was heavily invested also. Facts are facts even if you don't like it.

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Messages In This Thread
homebiscuit - by homebiscuit - 03-13-2023, 09:25 AM
RE: homebiscuit - by Sneakers - 03-14-2023, 12:36 PM
homebiscuit - by homebiscuit - 03-13-2023, 10:45 AM
RE: homebiscuit - by p_rushing - 03-13-2023, 11:51 AM
RE: homebiscuit - by The Real Marty - 03-13-2023, 12:10 PM
RE: homebiscuit - by KingIngram052787 - 03-13-2023, 01:39 PM
RE: homebiscuit - by The Real Marty - 03-13-2023, 01:49 PM
RE: homebiscuit - by p_rushing - 03-13-2023, 07:57 PM
RE: homebiscuit - by mikesez - 03-13-2023, 08:31 PM
RE: homebiscuit - by p_rushing - 03-13-2023, 09:45 PM
homebiscuit - by homebiscuit - 03-14-2023, 06:45 AM
RE: homebiscuit - by The Real Marty - 03-14-2023, 07:12 AM
homebiscuit - by homebiscuit - 03-14-2023, 07:58 AM
RE: homebiscuit - by Sneakers - 03-14-2023, 12:49 PM
RE: homebiscuit - by p_rushing - 03-15-2023, 12:58 AM
homebiscuit - by homebiscuit - 03-15-2023, 01:28 PM
RE: homebiscuit - by WingerDinger - 03-15-2023, 01:32 PM
RE: homebiscuit - by Caldrac - 03-15-2023, 02:15 PM
homebiscuit - by homebiscuit - 03-15-2023, 03:31 PM



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