“186 BANKS AT RISK OF BANKRUPTCY”- WSJ
But how, they’ve decided to backstop everything and honor the bonds at par 🤷♂️
How can anyone take this fractional reserve system seriously…
Discussion
Then there’s this
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Well, if the fraction is 0/100, that's what you get https://www.federalreserve.gov/monetarypolicy/reservereq.htm 😃
The majority of people presume trust. Tough lessons to learn lie ahead 😢
You can't
It’s been zero fractional reserve since March 16, 2020. No longer required to hold any depositors cash. 100% investment assets for banks….. until someone wants to make a withdrawal.
It's scary and makes me so uneasy. I almost wish I wasn't right about bitcoin if it meant those innocent (oblivious) people won't face horrible times when this house of cards comes crashing down.
186? I thought WSJ had more fingers than that.
Maybe try all US banks
Easy they stick their fingers in their ears and ignore it
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They will let a few collapse, just to 'prove' that it is still a 'capitalist' system.
That's great the banks are covered, but who covers the dollar?
So 186 banks might go under but it will surely stop there. The other banks are ok 😜
Who has moved 100% to a Bitcoin standard? What’s the deets in it all?
I have, is wonderful. I sleep like a baby every night
It’s shocking to me (I don’t know why) to see the FED and banks play the roll to a 0% credit card game.
A sign for sure.
Your post is being talked about.
Added to the https://member.cash/hot feed
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fraction of zero ser
The fed would love to be the only bank maybe...
It's also absurd they are posting this nonsense *after* bonds rally 25% in the last week.
Is the $128B that the FDIC has good to cover that number of banks? Sure seems like it.
Monopoly money… the bank can never go bankrupt.
