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sherkahn
Diamond Bar, SGV, LA, CA
Pomona, Inland Empire, CA Today!
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First Republic Bank is failing
Apr 26 2023 04:04PM more by sherkahn
Tags: Random

Another bank looks like it is on its last legs, and may take other with them.

And having been at a few locations for biz, some of the lady bankers are lovely, and should be treated right should they wish to diversify their portfolio.
      
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remo_williams
Irvine, OC, CA
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Apr 26 2023 04:13PM     link to this

Loan to Deposit ratio 111%? Ooops.

Caters to high net worth individuals (so some deposits not FDIC insured)

I'm sure that will make many on here quite happy in the gloom.

;-)
GoBallsDeep
Fullerton, OC, CA
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Apr 26 2023 07:55PM     link to this

Meh
tacobandit
Glendale, SFV, LA, CA
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Apr 27 2023 12:00AM     link to this

Hard times create strong men
Strong men create good times
Good times create weak men

We are at the weak men create hard times phase.

Good luck
sleepyone
CA
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Apr 27 2023 08:43AM     link to this

I hope it crashes and burns. I’ll be there to scoop up assets for pennies on the dollar.
DTFagent
Beverly Hills, LA, CA
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Apr 27 2023 08:54AM     link to this

Can we say more deregulation, smaller government, or a more free market economy?
EdmondDantes
Newport Beach, OC, CA
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Apr 27 2023 09:01AM     link to this

Queue the liberals chiming in to protect Democratic economic policies !

Queue the deflect and distort tactics of the liberals !
Marrisa_G
San Diego, CA
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Apr 27 2023 10:22AM     link to this

@remo_williams

On the surface that ratio would certainly appear to be problematic, until one understands (or at least tries to) the Mandrake Mechanism (link attached). It is perhaps the best example of that old phrase, ". . . smoke and mirrors."

IMHO, the adoption of fiat money, the elimination of gold or silver backed money, was the real birth of the New World Order. The NWO has actually been with us for longer than most people on this site have been alive.

From the attached link below - page 14

"We are living in an age of fiat money, and it is sobering
to realize that every previous nation in history that has adopted
such money eventually was economically destroyed by it."

Attached Links
Mandrake Mechanism
a310guy
Santa Monica, LA, CA
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since Dec 18 2011

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Apr 27 2023 03:14PM     link to this

Cool, let me pay the girls in beads
pohmdaang
Long Beach, LA, CA
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Apr 27 2023 04:25PM     link to this


Marrisa_G Help me out... name one country that does not have a fiat currency...
shadows
Santa Monica, LA, CA
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Apr 27 2023 04:29PM     link to this

Hey Marissa, You are definitely well-read to come across 'The Mandrake Mechanism.' I was around when Nixon abandoned the 'Gold Standard.' While gold has some uses, it is for commercial purposes no more valuable than paper. All currencies are based on agreement.

The FED screwed over banks that, being good citizens, still invested in bonds when the interest rate was low. By raising the basic interest rate the FED is actually driving inflation: interest is part of the price for goods.
pohmdaang
Long Beach, LA, CA
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Apr 27 2023 04:47PM     link to this

"The FED screwed over banks that, being good citizens, still invested in bonds when the interest rate was low" WHAT??? Banks have been borrowing money at ZERO percent for a decade and making big money on the loans they fund.... The problem with the banks is they get greedy (some banks) and when the rates went up they sold short.....
Marrisa_G
San Diego, CA
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Apr 27 2023 05:41PM     link to this

@pohmdaang

I can't think of any country that doesn't have a fiat monetary system now. That is why I say the NWO has been upon us for some time now.
pohmdaang
Long Beach, LA, CA
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Apr 27 2023 06:12PM     link to this

Yet you posted this statement......."We are living in an age of fiat money, and it is sobering
to realize that every previous nation in history that has adopted
such money eventually was economically destroyed by it." What Nations have been economically destroyed by it?????
GoBallsDeep
Fullerton, OC, CA
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Apr 27 2023 06:21PM     link to this

Don't bother answering this guy, MG.
Thinks banks are losing money cause they went short, lol.

Which banks shorted what securities?
Pray tell......
pohmdaang
Long Beach, LA, CA
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Apr 27 2023 06:51PM     link to this

Balls... can't believe you, who knows everything, doesn't know......
Marrisa_G
San Diego, CA
OC, CA Today!
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Apr 27 2023 07:25PM     link to this

In the article I provided the link on the Mandrake Mechanism is a well founded fact. That is not in dispute (or at least should not be). The statement that I quoted was an opinion by the author of that article, but it was certainly a sobering thought. I believe that what the author was referring to was countries that have suffered from hyperinflation; Argentina (prices double every 19 days on average), Iran, Sudan, Venezuela, Zimbabwe, etc. I'm not totally sure that I agree with the author's conclusion that we need to abolish the Federal Reserve System but it is part and parcel with the smoke and mirrors aspect.

GoBallsDeep
Fullerton, OC, CA
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Apr 27 2023 07:26PM     link to this

Nope, don't know that one.
Tell us which banks have shorted which securities, please.
With that info, we'll know who's going under next.
Well wait here........
remo_williams
Irvine, OC, CA
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Apr 27 2023 07:31PM     link to this

@ Marissa - it goes beyond the scope of a blog here, on this site, but banks are required (or were pre-covid) to maintain a certian loan loss reserve, pending on the types of assets it held.

Gone are those days I suppose where the SEC, FDIC etc had any regulatory control.
remo_williams
Irvine, OC, CA
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Apr 27 2023 07:38PM     link to this

Oh, and is it just me, or is Marissa not only a sexy lady, but her sex appeal is amplified by how obviously smart she is?
jake2k69
Irvine, OC, CA
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Apr 27 2023 09:38PM     link to this

Another BALLS on the target. How far will the shank go? Will it stop with firstR? Haha. Do we have a 2008 do over cumming? Ya, know they say the second time is the shits.

Will we stay or will we go?

Wealthiest empire the planet has ever know; does the mantle stay with us or - Go east, young man.

What say you?

What does the dollar smell like when it is not the reserve currency of the world. Does it smell like gun powder? Nflation? Civil War? Or Fortune Cookies? I dont know

My IQ is 69.
I fuck off my bed,
With her legs high and wide.
As that cross gets nailed,
I whimper my prayer.
Oh goddess eternal,
Let me cum in there.


Do I hear a hurumph?

There are 20 comments on this blog.