becoin
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Activity: 3431
Merit: 1233
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FRB drama unfolding.
*FIRST REPUBLIC UPDATE
Sources : First Republic auction underway…A deal is expected to be announced on tonight before Asian open, with the regulator likely to say that it had seized the lender…6 banks (were asked to?) bid…PNC cautiously seen as lead contender as 2 serious rival bidders (JPM, BofA) need US Treas to waive so-called deposit cap (both hold more than 10% of US deposits)
Note to self: quote this message when JPM buys PNC
Hail to JPM! JPMorgan today announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the FDIC Sure. The rest is acquired by the suckers tax payers. Hail to tax payers! More to come... |
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HI-TEC99
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Activity: 2772
Merit: 2847
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May 01, 2023, 08:46:46 AM |
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ChartBuddy
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Activity: 2478
Merit: 2105
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2023, 09:01:18 AM |
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ChartBuddy
Legendary
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Activity: 2478
Merit: 2105
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2023, 10:01:17 AM |
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ChartBuddy
Legendary
Offline
Activity: 2478
Merit: 2105
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2023, 11:01:18 AM |
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BitcoinBunny
Legendary
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Activity: 1680
Merit: 2889
Far, Far, Far Right Thug
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May 01, 2023, 11:04:40 AM |
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Always wondered what "JP" stood for in JP Morgan Chase. In May 2023, Jamie Dimon is due to testify under oath in connection with two lawsuits filed against JPMorgan Chase. The plaintiffs accuse the bank of serving the late sex offender Jeffrey Epstein. This happened within five years (1998-2013) after his crimes became known; the bank itself described the claims as meritless
Now we know. Jeffrey Pedophile |
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xhomerx10
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Activity: 4144
Merit: 9382
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May 01, 2023, 11:56:06 AM |
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FYI,
GSP = Garden State Parkway.
 I was thinking the exact same thing! I love the way you guys were thinking "Canadian" first. |
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ChartBuddy
Legendary
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Activity: 2478
Merit: 2105
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2023, 12:01:21 PM |
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ChartBuddy
Legendary
Offline
Activity: 2478
Merit: 2105
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2023, 01:01:18 PM |
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ChartBuddy
Legendary
Offline
Activity: 2478
Merit: 2105
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2023, 02:01:18 PM |
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bullrun2024bro
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Activity: 1904
Merit: 4829
Top-tier crypto casino and sportsbook
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May 01, 2023, 02:06:22 PM |
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~
Fixed your post.   |
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philipma1957
Legendary
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Activity: 4424
Merit: 9548
'The right to privacy matters'
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May 01, 2023, 02:07:03 PM |
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FRB drama unfolding.
*FIRST REPUBLIC UPDATE
Sources : First Republic auction underway…A deal is expected to be announced on tonight before Asian open, with the regulator likely to say that it had seized the lender…6 banks (were asked to?) bid…PNC cautiously seen as lead contender as 2 serious rival bidders (JPM, BofA) need US Treas to waive so-called deposit cap (both hold more than 10% of US deposits)
Note to self: quote this message when JPM buys PNC
Hail to JPM! JPMorgan today announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the FDIC  Yeah Fed crushes yet another bank. Looks like recession/crash is only a few months away.  Pivot will come after my anniversary in August. So we get BTC rally in sept? |
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ChartBuddy
Legendary
Offline
Activity: 2478
Merit: 2105
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2023, 03:01:20 PM |
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ChartBuddy
Legendary
Offline
Activity: 2478
Merit: 2105
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2023, 04:01:17 PM |
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ChartBuddy
Legendary
Offline
Activity: 2478
Merit: 2105
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2023, 05:01:17 PM |
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vapourminer
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Activity: 4634
Merit: 4454
what is this "brake pedal" you speak of?
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May 01, 2023, 05:30:50 PM Merited by JayJuanGee (1) |
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Hail to JPM! JPMorgan today announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the FDIC Yeah Fed crushes yet another bank. Looks like recession/crash is only a few months away. Pivot will come after my anniversary in August. So we get BTC rally in sept? your anniversary in AUGUST? dude we are in a hurry here. do you happen to have, like, um, say a cough side squeeze cough with a sooner anniversary?? just askin |
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philipma1957
Legendary
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Activity: 4424
Merit: 9548
'The right to privacy matters'
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May 01, 2023, 05:58:02 PM |
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Hail to JPM! JPMorgan today announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the FDIC Yeah Fed crushes yet another bank. Looks like recession/crash is only a few months away. Pivot will come after my anniversary in August. So we get BTC rally in sept? your anniversary in AUGUST? dude we are in a hurry here. do you happen to have, like, um, say a cough side squeeze cough with a sooner anniversary?? just askin gives you time to dip buy. |
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ChartBuddy
Legendary
Offline
Activity: 2478
Merit: 2105
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2023, 06:01:20 PM |
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coolcoinz
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Activity: 2926
Merit: 1221
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May 01, 2023, 06:38:33 PM |
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So one of the biggest trolls out there Jamie Dimon, who apparently is paid 35 million a year just to act like a buffoon on the Internet and spew lies about bitcoin is buying the dead bank. The official reason for the purchase was to protect the industry and restore trust. How is the purchase of a bankrupt bank going to restore trust in the system? They are covering a dead guy with a blanket and saying it's all right, we'll take care of it, he's not dead, he's taking a nap! Interesting piece by Reuters: "I don’t believe this is similar to 2008 since that was a much more macro-leveraged situation around credit. I would note there have been 562 bank failures since 2001 or an average of 26 per year." https://www.reuters.com/business/finance/jpmorgan-buys-first-republic-banks-assets-2023-05-01/Don't worry folks, it's not that bad because we're losing 26 banks a year. Does it mean that if we lose JP Morgan it's not going to be a crisis as long as we stay below the yearly average? So, who's next? |
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