BREAKING: JP Morgan Profits Massively While The Fed Panics From A Banking Contagion
JP Morgan just said it’s acquisition of First Republic will generate an IMMEDIATE gain of $2.6 billion and $500 million in yearly profit.
On top of all this, the FDIC is covering $13 billion in losses and providing $50 billion in financing
CONCLUSION: The Fed Is TERRIFIED more banks will fail, so they want to make sure the First Republic acquisition goes smoothly to keep confidence high, and they did this by heavily supporting JP Morgan.
But... commercial real estate is cratering. If that happens, the dominoes will almost certainly fall.
Warren Buffet's right hand man Charlie Munger confirmed my fears yesterday by warning about banks' exposure to bad commercial real estate loans.
The worst is not over...
🎙 Partnership Announcement:
We are thrilled to announce our partnership with @Novotoken 🤝
One thing that makes The Noovos Ecosystem's Novopad standout is the value that it accord its users and projects, the safety mechanisms.
Stay Tuned as we Bring you More Updates and Events
https://t.co/n8r9Z6y1J9
Come and join us for a world premiere of Novoos Ecosystem and a huge open mic session 100.00 in busd to be given away please ❤️ retweet and comment to be eligible to win
Come and join us today for a huge open mic session and a world premiere for the Novoos Ecosystem there will be a lot of busd given away and 7 projects presenting react to this tweet and comment to be eligible for the giveaways
Hi Everyone ! Our first AMA will be held soon with @Novotoken on https://t.co/eIHTMwUa7r
$NOVO Ecosystem, next-gen solutions, starting with NovoPad.
Official Links 👉 https://t.co/F26mULhe0a…
Time & Date : 30 January 20.00 UTC
2 Random lucky listener get 50 Busd Giveavay