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Re: Jimmy Joe post# 120265

Tuesday, 03/28/2023 11:19:06 AM

Tuesday, March 28, 2023 11:19:06 AM

Post# of 141533
ROTFLMFAO! Total nonsense. Just more of the same fictional spew, Fairy Tales, bogus conspiracy theories, and FUD (Fictional Unsubstantiated Discourse). SMFH

That's funny, because the banks stopped lending each other money~! No liquidity~? Try no collateral. Small banks have no collateral. All banks WAY overleveraged in EVERY way possible. All they did was write ISDA contracts, but that is no more. 3rd party now overseeing ISDA contracts which by the way can no longer be grandfathered. That's DOA~!

FDIC is MAXED OUT after just 1 bank, SVB.

Banks have $trillions of exposures in derivatives. Derivatives market is $4 QUADRILLION~! Wrap your head around that.
How is this even possible~?

So banks in the US right now are sitting on $1.7 trillion in unrealized losses, which do not include the derivatives. These are unrealized losses in bonds and treasuries. Housing market is going down. How many people will default on their mortgages~? Who will be there to pick up the pieces~? Banks can't absorb that debt. They are already strapped and tapped.

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