Banking failure

[biglentil]

I posted this video from a FDIC meeting a few months ago in Rural issues. Its just a few minutes have a listen.

[jazz]

Warren Buffet would not have been asked to provide advice to the banks that went broke.
Not in any way a woke type investor.
Where would he even start?

Buffett backstopped some banks back in the 2008 crisis and got paid very handsomely for doing it.

Imagine he is doing the same for a handful of regional banks right now. JPM and others taking on another group. Other raiders in the mix.

But more so, his folksy midwestern charm instills confidence in a sector that has none right now. Optics

[biglentil]

Buffett backstopped some banks back in the 2008 crisis and got paid very handsomely for doing it.

Imagine he is doing the same for a handful of regional banks right now. JPM and others taking on another group. Other raiders in the mix.

But more so, his folksy midwestern charm instills confidence in a sector that has none right now. Optics

Jim Cramer put out the buy call on SVG on his show one month prior to the SVG failure. Just enough time for those privy enough to the plan to dump shares and liquidate holdings. Warren Buffetts appearance on the scene, you are right optics.

[Oliver88]

Will the credit unions gain $ in investments with the questionable banking environment?

100k guaranteed investment for a big 5 bank account.

Apparently unlimited at Credit Union?

[TOM4CWB]

US Fed dumps more currency into banks than 2008 crisis:



The US Fed May be forced to pause interest rate hikes… “for now “

Gold over $2000….

ATB and Alberta Credit Union deposits are 100% Alberta Government backed… I was reading other provincial governments have different Credit Union backing levels… some at $250,000.

Cheers

[biglentil]

The London Metal exchange had rocks in inventory instead of Nickel, but the gold inventory at Fort Knox that has not been audited since 1950 is still in Fort Knox.

[TASFarms]

When 4 banks fail it’s a financial crisis. But it’s not
Inflation is just transitory.
Bank bail out is not a bail out. Is QE 5 going to cause more inflation?
Every bank in NorthAmerica is planning on lots of loan defaults.

[Old Cowzilla]

US Fed dumps more currency into banks than 2008 crisis:



The US Fed May be forced to pause interest rate hikes… “for now “

Gold over $2000….

ATB and Alberta Credit Union deposits are 100% Alberta Government backed… I was reading other provincial governments have different Credit Union backing levels… some at $250,000.

Cheers

Our Credit Union still can't find the $500,000.00 that vanished from our local RM account and the Ins. company refuses to cover the loss. With crap like that and a world FULL of junk bonds no wonder some people still use cream cans.

[Guest]

Our Credit Union still can't find the $500,000.00 that vanished from our local RM account and the Ins. company refuses to cover the loss. With crap like that and a world FULL of junk bonds no wonder some people still use cream cans.

Is this true ??

[Old Cowzilla]

Is this true ??

Yes RM of WESTLAKE-GLADSTONE It was in the news another RM to the northwest of us lost funds also through a Credit Union account but I do not know of the details. Maybe just strange coincidence.

[TSIPP]

I did read some of the long winded article, cyberattack during Christmas break with 47 different withdrawals around 10 thousand each, it took counsel 9 months to report it to the ratepayers, sounds like an inside job to me.

[LEP]

I think it happened in Saskatchewan as well. The one in Saskatchewan was related to the payroll account.

City of Saskatoon had a problem with accounts payable. They had an email come asking to change the payment instructions for a major contractor. $1.5 million there.

It comes down to an administration ****up.