Bank shutdown
- Thread starter Old_Me
- Start date
SaltyMonkey
Professional
No surprise here….
California Governor fails to disclose close ties while seeking bailout.
California Governor fails to disclose close ties while seeking bailout.
Hammer67
Professional
That guy is such a crooked slick used car salesman.
shanneba
Custom
It continues...
US regulators seize First Republic and sell 'substantially all assets' to JPMorgan in largest bank failure since 2008 crisis.
The FDIC estimates the First Republic failure will cost it $13 billion, on top of more than $22 billion from the two other failures in March.
Some of the same banks came to First Republic's aid in March with $30 billion in uninsured deposits, including $5 billion from JPMorgan.
The BIG banks keep getting even bigger-
Some in the Administration want to increase lending fees for people with good credit and subsidize those with low credit scores, that sounds like what happened in about 2006 with mortgages.
Add to the fall in house prices and many people will again be under water on their home loans.
Article from August 2022-
www.cnbc.com
finance.yahoo.com
US regulators seize First Republic and sell 'substantially all assets' to JPMorgan in largest bank failure since 2008 crisis.
The FDIC estimates the First Republic failure will cost it $13 billion, on top of more than $22 billion from the two other failures in March.
Some of the same banks came to First Republic's aid in March with $30 billion in uninsured deposits, including $5 billion from JPMorgan.
The BIG banks keep getting even bigger-
Some in the Administration want to increase lending fees for people with good credit and subsidize those with low credit scores, that sounds like what happened in about 2006 with mortgages.
Add to the fall in house prices and many people will again be under water on their home loans.
Article from August 2022-
Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011
The sharp and fast rise in mortgage rates this year caused an already pricey housing market to become even less affordable.
US regulators seize First Republic and sell 'substantially all assets' to JPMorgan in largest bank failure since 2008 crisis
The San Francisco lender becomes the biggest casualty of the banking system turmoil that started in March.