Is the domino affect happening in the banking industry?

[Hung_Low]

First report of SVB collapse... then we hear Signature Bank...

Nazdaq halted stock trading of some of these similar banks but resume trading, however... they are in a downward spiral.

First Republic Bank down 14%
Signature Bank of NY down 25%
PacWest Bankcorp down 36%
Western Alliance down 42%

[DuMa]

Just like the great depression.  People starting to pull their money out. 

Biatch coin up big. 

[hmgROCK]

Look man

When i was doing accounting work at a local bank
We don’t even have 95% or more… of the money in bank

If you come to take huge amount
We might not have the money for you
Gotta let us know ahead of time that you going be taking out huge amounts

Those are just facts
How banking works

 

To be honest

Like 99% of the customers don’t even have FDIC $250k limit
Lots of broke ass people
With negative balance

[hmgROCK]

Also the $50 billion or whatever they use to bail out SVB
While $50 billion is alot of money

Thats just trash toilet money

 

You ain’t going lose sleep over that $50 billion trash money

[hmgROCK]

$50 billion or whatever they use to bailout the banks is not alot of money
yes... to you and me
that is a shyt ton of money

but that is just TRASH MONEY


remember those TRUMP stimulus check back in covid
those bills are in the TRILLION $2+ trillion... $1.7 Trillion


it's  that single mom at the store letting his kids cry at the checkout lane
causing a scene because of a $1 candy bar
just buy the candy bar.. it's only $1
IT'S TRASH MONEY