AI
Thursday, March 07, 2024 3:19:42 AM
Janet and Steve are playing a game. Possibly to help Jerome on his day before Congress house committee?
https://finance.yahoo.com/news/steven-mnuchin-leads-1-billion-attempt-to-rescue-nycb-181312393.html
$1B cash 'rescue' for NYCB today was a distraction. Need to put 2 more zeros behind that number to actually rescue NYCB, and this is just one bank. Dozens more similar banks lining up like dominos.
Once the March 11th event(s) come to pass, I believe bank failures will be a daily occurrence. Bumpy road ahead.
More banking bumps coming from this too. GLTY
https://finance.yahoo.com/news/steven-mnuchin-leads-1-billion-attempt-to-rescue-nycb-181312393.html
$1B cash 'rescue' for NYCB today was a distraction. Need to put 2 more zeros behind that number to actually rescue NYCB, and this is just one bank. Dozens more similar banks lining up like dominos.
Once the March 11th event(s) come to pass, I believe bank failures will be a daily occurrence. Bumpy road ahead.
More banking bumps coming from this too. GLTY
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
