The FDIC is funded by the same kid fuckers who fund the banks themselves. Bank collapses are consolidations towards a single, global digital exchange system. IMHO.
Yes, part of what made the bank failures during the Depression so bad, was the insiders knew which banks would be saved by the feds and which wouldn't. If you had your $ in a bank that wasn't propped up, you were hosed.
Thank you for the reply. I expect the occasional bank closure, but if the pace picks up it will be a red flag. Hiding a closure may indicate others are soon to follow and they don't want to give us dots to connect.
We just had some big failures, such as Silicon Valley and FTX. The FDIC is working, somewhat, as intended.
There will be more, for a lot of banks are underwater in US Treasuries. There are stories on this at Zerohedge, if anyone wants to research it.
Seems to me the FDIC should be attempting to prevent major banks collapsing, rather than picking up the pieces.
What are they going to do, bail them out harder?
The FDIC does do that, prevent collapses that is, but I'm not sure how often.
The FDIC is funded by the same kid fuckers who fund the banks themselves. Bank collapses are consolidations towards a single, global digital exchange system. IMHO.
And sometimes they let the smaller banks fail to further consolidate power. But not all at once, it's managed
Yes, part of what made the bank failures during the Depression so bad, was the insiders knew which banks would be saved by the feds and which wouldn't. If you had your $ in a bank that wasn't propped up, you were hosed.
What bank was that? I'm surprised I didn't hear about it already
Thank you for the reply. I expect the occasional bank closure, but if the pace picks up it will be a red flag. Hiding a closure may indicate others are soon to follow and they don't want to give us dots to connect.