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@DarioCpx
🚨BREAKING: Warren Buffett sells ~9.5m shares of $BAC and now $BRK.A ownership in the bank is below 10% - from now on Warren Buffett can continue selling $BAC shares WITHOUT BEING REQUIRED TO PROMPTLY REPORT IT
Narrator: guess what happens next?
Warren Buffett $BRK.A sells another ~8m $BAC shares and is now ~12m $BAC shares away from falling below 10% ownership after which he will not be required to report these sales promptly anymore
BoA Credit Default swaps going up as well.... On this innocent little IT issue. 🙃
He knows it's over with SEC turning a blind eye at cooking the books and fluff magic with Finra and DTCC Fraud.
Warren Buffett throws another ~11.5m BAC shares back in the market cashing out another half a billion
Warren is now ~20m $BAC shares away from falling below 10% ownership and not being required to report these sales promptly anymore
Guess what comes next
Warren Buffett dumps another 21.5m shares of $BAC today
Now BRK.A is ~30m shares from falling below 10% ownership of BAC, after which we will only know further sales update every 3 months in the 13F filing - Watch out for that 👀
It's a full blown panic and getting worse.
Buffet continues dumping shares as fast as he can:
BAC leads with 90 branch closures for 2024.
US banks have closed more than 50 branches in just two weeks, as the march towards online banking continues to decimate local services. Wells Fargo, Chase, and Fulton were among the banks who closed locations between August 19 and September 7
Warren Buffett dumps another ~$230m of BAC shares. $BRK.A is close to falling below the 10% ownership of $BAC after which we will have to wait for the quarterly 13F for updates on Warren’s dumpathon
@SuburbanDrone
BofA came out this morning and said that a soft payroll report is the biggest threat to Tech stocks:
https://finance.yahoo.com/news/bofa-hartnett-says-us-semiconductor-100929983.html
Which is interesting because just a few days ago they said that a strong jobs report is the biggest threat to stocks:
https://aol.com/stock-markets-biggest-risk-week-193425153.html
For bulls, all bases are covered.
Buffett continues dumping even more with $760m just sold bringing the total to $7bn
Warren Buffet dumps yet another ~$850m worth of BAC shares
BAC Insiders following Warren's lead. Bernard Mensah-President of BACs International Unit just dumped half his shares. I wouldn't be surprised to see him, and the others, dump all the rest of their shares any day now... Meanwhile, they continue to pump while they dump to naive retail. Playing out just like in the movie Margin Call.
What these unscrupulous elitest are doing to the small investor is absolutely disgraceful. And the blind Herd is falling for it.
Bank of America, JP Morgan, and Goldman Sachs were rumored to be insolvent, along with other large banks. Though, these Deep State Cabal’s banks, along with Central Banks across the Globe, have been taken over by the Global Military Alliance.
Expecting red on Monday. Several banks exposed.
https://www.ft.com/content/de751907-c870-4b8c-b86b-317483f7626f
Exactly, Central Banks are finished or soon will be. They can't keep cooking the books to stay alive. Rothschild's are finished.
Edmond de Rothschild's private banking CEO quietly leaves post
Morningstar's Tricia Rothschild resigning after 26 years
Farewell, Jacob Rothschild - Financial Times
Rothschild owners' bid to delist company crosses 90% threshold
Rothschild resigns from Bumi plc board - Financial Times
Richard Rothschild resigns from Carroll County Republican Central
https://www.ft.com/content/de751907-c870-4b8c-b86b-317483f7626f Expecting red on Monday. Several banks exposed
Bank of America, Wells Fargo are under investigation for handling of customers funds on Zelle
https://www.usatoday.com/story/money/2024/08/07/major-banks-under-investigation-zelle-transactions/74704325007/
BAC new 52 week high
Banks shutting down. Banks closed down 539 local branches across the country in the first half of the year and will continue, meaning 1,000's of local branches in malls, towns and town city centers. Bank of America closed the most branches, a total of 90 in just 6 months. Wells Fargo shut down 62 Banks. Chase shut down 53 Banks. TD Bank shut down 52 Banks.
Sat. 13 of July 2024: Emergency Alert: The rapid collapse of America's Bank Branches: Wells Fargo Branch shutdown, Chase Bank closures and TD Bank reductions - Bank closures 2024. Bank of America closed the most branches for a total of 90 in just six months.
BAC 10Q due JULY16
AI
