63 banks on the "Problem Bank List" at risk of insolvency...
https://pbs.twimg.com/media/GPMCZ3bbEAEpuhb?format=jpg&name=medium
pull down to refresh
pull down to refresh
63 banks on the "Problem Bank List" at risk of insolvency...
https://pbs.twimg.com/media/GPMCZ3bbEAEpuhb?format=jpg&name=medium
The craziest thing about all of this is the reserve requirement is currently 0%.
This is insane, and everything is so fragile right now. Just wait until someone smells smoke, and all the banks will come crashing down!
Reserve being zero doesn't have much to do with this. It's because banks weren't lending anyways and have way more than the reserve requirements.
For a few years many have been saying that the US, like Japan, is having a liquidity trap. Meaning gov policy isn't very effective in boosting money supply.
It's why Japan pumped so much for so long and still barely any inflation
Ugh,..who the F cares. I want ALL banks gone! The whole reason why small banks get squeezed is bacause major banks like citi, jpm, Goldman, fidelity can trade bonds powered by birth certificates. Its all on purpose. END THE FED
Time for more alphabet soup program to buy assets at thumb sucked values and provide liquidity for these banks, because we're too big to fail and think of the depositors
Shiver me timbers.... no one saw this coming, right?