Citigroup Inc. will going bankrupt up to a few days!

Lol, ET under investigation, that must be a first.

Care to explain how SVB did not raise all sorts of red flags when it tripled in value over a short period of time? A deposit taking bank?

R1234 said:
SEC is currently watching public chat rooms for false rumors about banks.
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smallfil said:
None of the banks with strong political connections will be allowed to fail. We already saw that in the TARP bailouts where the biggest banks got bailouts. Citigroup was one of them. Silicone Valley Bank with Hollywood celebrities and woke companies having their monies in it, would not be allowed to fail as we just saw. There are no rules as far as Joe Biden, Democrats and RINOs are concerned. As long as these banks line my pockets, I am good as gold. I have no control over what the no good politicians do but, I have control over my trades and investments.
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THAT'S MOST likely right.
Except many said LEHman, Bear Stearns....... was ''to big to fail''
Not a prediction, nor was that last sentence true.
Maybe some people dont trust a Treasury Secretary[2023] ''that promises to give non US citizens , like Ukraine people a pension''+ rubber stamps overspending\over a budget if any budget?? You think ?? Maybe??
FOX news did note today 6[six] banks were flagged ,''for review for possible downgrade by Moodys '';
FDIC insurance is a good idea, may or may not insure over $250 ,000 per account.
Thanks
 
murray t turtle said:
%%
THAT'S MOST likely right.
Except many said LEHman, Bear Stearns....... was ''to big to fail''
Not a prediction, nor was that last sentence true.
Maybe some people dont trust a Treasury Secretary[2023] ''that promises to give non US citizens , like Ukraine people a pension''+ rubber stamps overspending\over a budget if any budget?? You think ?? Maybe??
FOX news did note today 6[six] banks were flagged ,''for review for possible downgrade by Moodys '';
FDIC insurance is a good idea, may or may not insure over $250 ,000 per account.
Thanks
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The fix to this inadequate insurance for deposits is to require banks to have their hard assets like real estate, mortgages held by Americans as collateral. Banks should not be allowed to accept deposits more than 50% of their hard assets. That would ensure all deposits are guaranteed their monies. Banks can use their deposits but, if they act irresponsibly, only the top executives and shareholders will end up losing their monies. They are not going to do that because the politically connected will never hold the bank executives accountable ever.
 
smallfil said:
The fix to this inadequate insurance for deposits is to require banks to have their hard assets like real estate, mortgages held by Americans as collateral. Banks should not be allowed to accept deposits more than 50% of their hard assets. That would ensure all deposits are guaranteed their monies. Banks can use their deposits but, if they act irresponsibly, only the top executives and shareholders will end up losing their monies. They are not going to do that because the politically connected will never hold the bank executives accountable ever.
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I watched a brief clip on FOX news\ a Financial firm was lending money including $150,000,000 to SVB customers + the like, for payroll .
WHAT's the interest rate ,asked the FOX reporter ?? It varies, since we have no collateral/ its 12-% --25% for 18 months, the gentleman said. The FOX reporter seemed shocked @ that rate:D:D
But the lender had a good point ''we have no collateral like a home to repo\ in case of default.''
 
EmilEnchev said:
"JPMorgan Chase & Co., the largest US bank, alone received billions of dollars in recent days, and Bank of America Corp., Citigroup Inc. and Wells Fargo & Co."

View attachment 308858

You must be real fools if you rely on these banks to protect your deposits. Citigroup Inc. is one of the worst-performing bank in the world! In fact, it will go bankrupt within days and nothing and no one can save it. The small banks that are going bankrupt right now are just a warm-up for that Citigroup Inc. bankruptcy which will come very soon.

Too-Big-to-Fail :))

What will happen now:

1. Banks around the world will lock deposits for withdrawal to "save the banking system".

2. Money will be allocated only for the most urgent needs of citizens and businesses. Simply put, there will be a monthly withdrawal limit, which will be approved by the banks and through which a large part of small and medium-sized businesses will be destroyed purposefully.

3. Cryptocurrencies will be inflated to huge proportions, with some businesses trying to survive using them as a means of commerce.

4. Once the cryptocurrency bubble is inflated to burst, it will burst and with it will go the rest of the small and medium-sized businesses, which was not destroyed by banking policy and that are foolish enough to use cryptocurrencies as a means of exchange.

5. Welcome to The New World Order, where all world business will be concentrated in the hands of a few multinational corporate monopolists.


zbanks-png.297442


https://www.elitetrader.com/et/thre...nks-and-companies-its-not-pink-at-all.370323/
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C [citigroup]is actually a penny stock but the I bankers reverse split it 10 to 1 \ so $47.666 is really $4.7666. But i noted you tried to promote crypto cr*p-no thanks.
Its one of the few stocks like GE \years ago IBD books did not like both of them.
XLF had a good bounce today, but that= banks +capital companies + insurance. XLF seldom beats SPY benchmark for long with more sector risk; maybe ok for trade. May not.
The biggest nonsense promoted =is a big bank is safer than well run community banks\LOL
Big banks have had the biggest fines+ repeated fines , WFC + many.
Because of sub standard service i moved my BAC account real quick-out;
my banker dad never put up with average customer service. But Warren buffet likes BAC:caution::caution:
 
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