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Thread: 2 major banks about to go under:

  1. #31
    I keep seeing the headline "Janet Yellen says Banking System is Sound".

    That is so hilarious to me every time I see it.



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  3. #32
    Quote Originally Posted by Madison320 View Post
    I keep seeing the headline "Janet Yellen says Banking System is Sound".

    That is so hilarious to me every time I see it.
    //

    Quote Originally Posted by Occam's Banana View Post



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  5. #33
    Credit Suisse Gets Liquidity Lifeline From Swiss National Bank

    https://www.thefinancialtrends.com/2...national-bank/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  6. #34
    Credit Suisse Continues To Tumble

    https://www.thefinancialtrends.com/2...ues-to-tumble/


    Swiss Political Parties Oppose Credit Suisse Bailout

    https://www.thefinancialtrends.com/2...uisse-bailout/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  7. #35
    UBS In Talks To Acquire Credit Suisse

    https://www.thefinancialtrends.com/2...credit-suisse/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  8. #36
    Rumors are UBS bought it for 3.2 billion
    Do something Danke

  9. #37
    Quote Originally Posted by oyarde View Post
    Rumors are UBS bought it for 3.2 billion
    Yep.


    https://twitter.com/cvpayne/status/1637565462497173504
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

    Proponent of real science.
    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  10. #38
    Quote Originally Posted by oyarde View Post
    Rumors are UBS bought it for 3.2 billion
    https://twitter.com/nytimes/status/1637468930594807811

  11. #39
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  12. #40
    Here's something the media isn't covering. The press conference held about the merger practically admits that UBS is now stuck with the GME swaps that blew up Archegos, then blew up Credit Suisse. UBS chair says they will start unwinding CS's (paraphrase) "risky swaps positions" that do not line up with UBS conservative goals. His comments track exactly with my posts on the GME/meme stock short positions via swaps that CS got stuck with. Now UBS is stuck with them. Huge backstops via central banks now? hmmm
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book



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  14. #41
    Quote Originally Posted by devil21 View Post
    Here's something the media isn't covering. The press conference held about the merger practically admits that UBS is now stuck with the GME swaps that blew up Archegos, then blew up Credit Suisse. UBS chair says they will start unwinding CS's (paraphrase) "risky swaps positions" that do not line up with UBS conservative goals. His comments track exactly with my posts on the GME/meme stock short positions via swaps that CS got stuck with. Now UBS is stuck with them. Huge backstops via central banks now? hmmm

    GME is just not that important. Big night tomorrow though. Does GME finally collapse to where it belongs in the single digits? Or does it get a stay of execution for a little longer? It sure looks like it is in the death spiral. A gap down and perhaps it is lights out. Would be a healthy sign for the market to see the last bit of bubble excess wiped out

  15. #42
    SHANGHAI/HONG KONG, March 20 (Reuters) - Credit Suisse told staff its wealth assets are operationally separate from UBS for now, but once they merged clients might want to consider moving some assets to another bank if concentration was a concern, according to an internal memo.

    The memo, dated Sunday and seen by Reuters, gave talking points to Credit Suisse (CSGN.S) staff for client conversations after a historic Swiss-backed acquisition of the troubled bank by UBS Group (UBSG.S).
    ...
    https://www.reuters.com/business/fin...mo-2023-03-20/

    It's like they want to spark a bank run.

  16. #43
    "Trump was just a chuckle-headed sucker" is not an effective sales pitch.

  17. #44
    Quote Originally Posted by acptulsa View Post
    Only one (Saccocia) of those people ever worked for SVB. the picture comes from guests on a show or panel, probably on CNBC.

    Bryn Talkington - Quite a resume. Bear Stearns, UBS.

    Managing Partner of Requisite Capital Management and CNBC Halftime Show Guest Contributor. Over 25 years in the Asset and Wealth Management business focusing on capital markets, alternative investments and investor behavior. Prior to starting Requisite Capital Management with her partner, Doug John, Bryn was an Executive Director with UBS Asset Management for 15 years. Prior to UBS, Bryn worked at Bear Stearns.
    ...
    https://txwsw.com/bryn-talkington/
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

    Proponent of real science.
    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  18. #45
    Credit Suisse Deal Casts Shadow Over Swiss Banking Sector

    https://www.thefinancialtrends.com/2...anking-sector/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  19. #46
    Quote Originally Posted by Brian4Liberty View Post
    Only one (Saccocia) of those people ever worked for SVB. the picture comes from guests on a show or panel, probably on CNBC.

    Bryn Talkington - Quite a resume. Bear Stearns, UBS.
    Yes, they are regulars on CNBC shows as talking heads. I don't watch CNBC anymore because I got tired of paying to be gaslit by Wall St, and I've mostly figured out their big scam psyop, but there's still no denying that placing DEI/ESG above profitability (which those ladies do usually subtly advocate for) is a recipe for business destruction, probably intentionally even. Go woke go broke....less competition and more consolidation is end result.

    ------------------------
    Quote Originally Posted by Krugminator2 View Post
    GME is just not that important. Big night tomorrow though. Does GME finally collapse to where it belongs in the single digits? Or does it get a stay of execution for a little longer? It sure looks like it is in the death spiral. A gap down and perhaps it is lights out. Would be a healthy sign for the market to see the last bit of bubble excess wiped out
    Perhaps not that important individually but what if the swaps basket is a bunch of "dying brick-n-mortar meme stocks", not just GME? GME was one that wasn't expected to survive but just turned profitable and has an investor base most companies would kill for and has also been (naked) shorted, thanks to CS being the shorting counterparty to Archegos swaps, many times the float. (Never mind that the available float of shares is being locked away via direct registration and thus not borrow-able for further shorting.) UBS now needs to unwind the swaps somehow. Surely here are other nasty positions that CS held, also, which UBS is now on the hook for. This also explains the super low valuation offered for CS and the huge central bank backstops and central bank currency swaps pledged.
    Last edited by devil21; 03-22-2023 at 02:36 AM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  20. #47
    European Banking Stocks Plunge As Credit Default Swaps Surge

    https://www.thefinancialtrends.com/2...t-swaps-surge/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  21. #48
    https://twitter.com/WallStreetSilv/s...60422688415744

    "Trump was just a chuckle-headed sucker" is not an effective sales pitch.



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  23. #49
    Quote Originally Posted by Occam's Banana View Post
    LOL

    We're being governed ruled by a geriatric Alzheimer patient/puppet whose strings are being pulled by an elitist oligarchy who believe they can manage the world... imagine the utter maniacal, sociopathic hubris!

  24. #50
    Credit Suisse Rescue To Cost Every Swiss Citizen $13,500

    https://www.thefinancialtrends.com/2...citizen-13500/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  25. #51
    I can't say I predicted it, because I admitted it was a guess, but I did post several times that I thought the fed might try doing QE while still raising rates. Now it looks like that's exactly what they're doing.

    I think they're doing this for 2 reasons. One is that everyone is focused on the rate hikes and not the QE. So you can make tiny rate hikes while doing massive amounts of QE and make it look like you're fighting inflation. The other reason is QE has an immediate positive effect by saving the banks, but the negative effect of rising prices may not show up for years.

    My guess is the bank crisis is going to appear to be solved but behind the scenes the fed's balance sheet is going to be expanding massively as it puts out fires. I think we're going to see big swings in the balance sheet as new problems come up. It may be stable for a few months, then expand by a trillion in a few weeks.

  26. #52
    In Paris, Major Bank Offices Raided Over Tax-Scam, Money-Laundering

    https://www.thefinancialtrends.com/2...ey-laundering/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  27. #53
    Credit Suisse Accused Of Helping Rich Americans Avoid Taxes In Violation Of Plea Deal

    https://www.thefinancialtrends.com/2...-of-plea-deal/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  28. #54
    Quote Originally Posted by Swordsmyth View Post
    Credit Suisse Accused Of Helping Rich Americans Avoid Taxes In Violation Of Plea Deal

    https://www.thefinancialtrends.com/2...-of-plea-deal/
    At least Credit Suisse isn't all bad.

  29. #55
    I see that Goldman Sachs and Schwab are raising capital via CDs. They are offering some of the highest rates to attract money.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

    Proponent of real science.
    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  30. #56
    Quote Originally Posted by Brian4Liberty View Post
    I see that Goldman Sachs and Schwab are raising capital via CDs. They are offering some of the highest rates to attract money.
    Inflation probably going to run 4 , 5 , 6 percent rest of yr , Seems it would be hard to sell CD's
    Do something Danke



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  32. #57
    Quote Originally Posted by oyarde View Post
    Inflation probably going to run 4 , 5 , 6 percent rest of yr , Seems it would be hard to sell CD's
    Treasuries were paying higher interest rates until the SVB collapse. Now CDs are finally trying to compete (and raise capital).
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

    Proponent of real science.
    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  33. #58
    Quote Originally Posted by Brian4Liberty View Post
    Treasuries were paying higher interest rates until the SVB collapse. Now CDs are finally trying to compete (and raise capital).
    APMEX sold over 100 million in bullion in the week after the first failed bank. Amazing that they had that available. Silver still needs about a twenty percent investor increase to push it but gold could easily hit a new all time high this year.
    Do something Danke

  34. #59
    Quote Originally Posted by oyarde View Post
    APMEX sold over 100 million in bullion in the week after the first failed bank. Amazing that they had that available. Silver still needs about a twenty percent investor increase to push it but gold could easily hit a new all time high this year.
    It's obvious that paper markets are working overtime to keep spot below the psychological barrier of $2000 and have been for a while now. Laughably obviously even, as if people don't notice, while what's still physically available is snatched up by CB's and rich folks at suppressed prices.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  35. #60
    Quote Originally Posted by devil21 View Post
    It's obvious that paper markets are working overtime to keep spot below the psychological barrier of $2000 and have been for a while now. Laughably obviously even, as if people don't notice, while what's still physically available is snatched up by CB's and rich folks at suppressed prices.
    The entire market of commodities is being manipulated. To be honest, I'm not sure how they do it, but the evidence is clear that it's being done. With all the talk of putting batteries in everything, the prices of lithium, cobalt, and copper should be going through the roof! There is simply not enough to go around. And yet, high prices in those materials would trigger alarm bells that would signal the end of TPTB's plans. So can't have that.
    "And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat

    "It is difficult to free fools from the chains they revere." - Voltaire

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