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StockLogistics

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StockLogistics

Re: None

Friday, 03/17/2023 2:24:11 AM

Friday, March 17, 2023 2:24:11 AM

Post# of 1461
“The plan announced on Wednesday called for $30 billion in deposits from major banks, including JPMorgan Chase and Bank of America, as a show of confidence in the regional banking system.”

https://www.cnbc.com/2023/03/16/first-republic-falls-25percent-as-regional-bank-stocks-continue-to-sink.html

So people move their money out of the regional banks to the big banks for safety, and the big banks move the money back to the regional banks for confidence in the regional banking system. Hmm, bad idea, seems like an infinite loop, also known as a dumpster fire.

my posts are always theory and not financial advice

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