🌟 Get ready to unleash your true potential with LeaderBoard! 🚀 Join our Free Access week - NO credit card required. Elevate your skills and unlock success! 💪✨
Try it now ➡️ https://t.co/CJzzWs2y2L
#LeaderBoardFreeAccess#NoCCNeeded#UnleashPotential"
Here is the bank problem in a nutshell:
Person: Huh, I am hearing a lot about these banks going under, no way I believe them when they say it is safe - I am not going to risk it, going to put my money in a bigger bank, like Chase - they're too big to fail. <they take their money out>
Regional Bank: Wait, come back - we're fine, seriously. Hello? Shit. If this keeps up we won't have enough cash on hand to get people their withdrawals. We have to close out our long-term investments - but we are down on those right now, thanks to that bastard Powell and his never-ending string of rate hikes. If we could hold them for a few more years it is guaranteed to give us a return, but we can't can we? No. Sigh...taking the loss.
Government: Ummm, hey there Regional Bank, looks like if even one more person takes their money out, you are screwed, done for, kaput. Also, what is it exactly that you say you do here Bob? We're gonna have take over here and make sure people/companies get their money back. Well, some of them anyway - not all, because that would be crazy!
Big Banks: So, yeah....look, we just got a ton of deposits in, which is great an all, but this whole, "Hey can you please buy us??" thing is just not gonna work. Every time we step in and buy your distressed asses up the government comes in and slaps us with more regulations for being "too big".
Government: Whaaaa? You cray. We don't do any such thing!
Big Banks: Sure you don't buddy. Look, here's what we will do, we will take a total amount of cash equal to all the new deposits and we will deposit that cash into your busted up bank. Hey Gov, wanna insure that shit for us?
Government: We'll give that a good think and let you know, but you go ahead and give them Regionals that money.
Regional Bank: Hey I'm standing right here...and don't we get say?
Government and Big Banks: Shut the hell up and go to your corner! Maybe think about what you did, because you did bad!
Regional Bank: <sees their stock go back up with news breaks of deposits> Ok.....(walks away head down)
Stock Market Today with @AlissaCoram and @IBD_JNielsen: Trouble For The Bull Market? Academy Sports & Outdoors, Axon, Delta Airlines in focus $ASO $AXON $DAL
https://t.co/LwfN35LJ2V
@RealDayTrading Dang, hope you feel better, my dad had a heart attack last week (he is fine now) and I had scheduled surgery last week myself (minor) and you were in the hospital too. It feels like everyone around me is/was in the hospital for some reason. We all need to get better.