The Banks Are Going Down the Tubes YO Discussion

[Wormius]

Originally Posted by Looch City

Society as we know it hasn't collapsed yet?

Elon Musk saved us all, to the knowledge of only a select few.

[getbak]

Originally Posted by Sr. Mints

Before the mid-2000s the YO section was quite insignificant and tucked away at the back of bookstores. Then after the Harry Potter hysteria (and the generations that followed such as Twilight and Hunger Games), the genre saw explosive growth and the expansive, multi-aisle sections we know now popped up and were moved front and centre.

Isn't that YA (Young Adult)?

Or is YO a sub-genre of YA? (Young Occult?)

[afc wimbledon]

Originally Posted by getbak

Isn't that YA (Young Adult)?

Or is YO a sub-genre of YA? (Young Occult?)

In my world it stands for Youth Offender(which, to be clear. stands for a youth that offends, not a Priest or R Kelly)

[Looch City]

Originally Posted by Wormius

Elon Musk saved us all, to the knowledge of only a select few.

#### I missed out on buying TSLA again?? Gahh

[Wormius]

Originally Posted by Looch City

#### I missed out on buying TSLA again?? Gahh

It’s not too late. Just buy when it gets to its lowest (you should know when, if you’re a skilled and intelligent investor - it’s not luck, dammit, you have to really understand which of Elon’s tweets will really have the most negative impact on the stock) and then sell when it’s high (you will have to know this too - again, it’s not about being lucky, you need to figure out when Elon is going to make a wildly inaccurate claim about his self-driving features, and be ready to sell).

[Yoho]

https://twitter.com/user/status/1649120748445761550

Finally.

[Suave]

Or have the banks been funding them already.

A report from a coalition of environmental groups shows that Royal Bank of Canada was the biggest fossil fuel financier in the world last year after providing over $42 billion US in funding.

According to the data, Scotiabank ranked ninth globally last year with $29.5 billion US in funding and TD was just behind it at about $29 billion US, while Bank of Montreal ranked 15th and CIBC 16th at $19.3 billion US and $17.9 billion US respectively.

Collectively, the big five Canadian banks doled out almost $140 billion US to fossil fuel developments last year.

[accord1999]

After a few weeks reprieve, it looks like First Republic is being taken over by the FDIC. At least this time they made it to Friday so they have a weekend to fix things up.


https://www.reuters.com/business/fin...ce-2023-04-28/

[Slava]

Originally Posted by accord1999

After a few weeks reprieve, it looks like First Republic is being taken over by the FDIC. At least this time they made it to Friday so they have a weekend to fix things up.


https://www.reuters.com/business/fin...ce-2023-04-28/

That's generally what they try to do, is wait for the close of business on Friday and try to get things settled over the weekend. First Republic just didn't have the assets that they could pledge for the FDIC program, so they were stuck.

[bizaro86]

I wonder whether they'll make uninsured depositors take a haircut here.

Because that would include the $30B they already strongarmed the other banks into depositing.

[Firebot]

https://www.google.com/finance/quote...EQAw&window=6M

Yeah that is the sign of a healthy banking system...and it was 70 billion they got to save it.

[indes]

It's okay apparently Jim Cramer said the failure of First Republic Bank could mark the end of the banking crisis.

Thank goodness!

[Fuzz]

Originally Posted by indes

It's okay apparently Jim Cramer said the failure of First Republic Bank could mark the end of the banking crisis.

Thank goodness!

Ok, now we are ####ed.

[Yoho]

Things going swimmingly for US regional banks.

https://twitter.com/user/status/1653412591102746624

[Firebot]

Well this isn't good.

[FlameOn]

With all the buyouts and rescues soon there will only be one bank named... Bank.

[Locke]

Originally Posted by FlameOn

With all the buyouts and rescues soon there will only be one bank named... Bank.

Thats where I go. I only bank at 'Bank Bank.'

[Monahammer]

I read that JP morgan has something like 3 trillion in deposits now. That seems like a totally reasonable thing to happen. Mhmm.

[Fuzz]

This is good, weed out the weak. Here in Canada we only have a handful of banks, that are all healthy. The US has thousands, some failing. Ergo, do what Canada does. Oligopolies FTW.

[Yoho]

https://twitter.com/user/status/1653483820962791426