Looks to me like they just "reset" New York Community Bancorp's price to a new level.
Pure, unequivocal BULLSHIT!
Discussion
They have munch man coming to the rescue with $1B of Fed printed money.
Thats pretty crazy, they will say its a blip bug
$GME 2.0
Oh. Dis why . . .
Former U.S. Treasury Secretary Mnuchin.
NOTHING
TO
SEE
HERE
(grumbles incoherently about fkn clown world and sheeple . . . )
nostr:note1dp0qk3zdvzh04ygpsu258rw3k68wp5ycnyn3mkuk82urjudrrv8s8mglu6
yeah, all shareholders will get diluted by $1 billion but risk of closure/seizure by state is now lower
Not lower for long. It’s a tourniquet at best.
a billion is a lot for their commercial real estate exposure. see their 2023 year ens public financial statements. there will be more regional banks
I don't see the many elites like Mnuchin betting emergency liquidity for the CRE exposure. Fed/Treasury will have to step at expense of US generations of tax payer and credit risk of the US (causing more fed debt and dollar inflation)
which regional bank is next?