That's why there are reports of Wells Fargo (WF) bailing in by stealing depositers funds. Somehow the rationalizations are strong enough to quell their amputated consciences.. 😒
We are at the point we have been paying for our swaps entirely too long, anons freaking out about what looks like fraud or incompetence.. I favor fraud because 2008 taught them the people will bail us out
Sadly, I don’t remember. I was hot under the collar afterwards. That was 5 years ago. I’d have to watch it again. I remember thinking that it was an attempt to shield some bad players.
Well, they did screw over the Chinese pretty badly like late last year, when they blocked everyone from getting their Money out of the shit that Blackrock had invested it in....
Frankly, I still believe it was all part and Parcel to a huge Insurance Scam, each unfinished Apartment Building probably insured for a couple Million, so, they made lots of Money from that, but also stole from the Investors, and got away with all of it....
They'll just print another 20 trillion to bail them out until the dollar goes bust, we all know how this game with play out. It's not going to be tomorrow, it will be in 2 years when your dollar is useless
From a Peruvian Bull Tweet about SVB (if you’re a GME “Ape” then you probably read his stuff)…
they hold $117.39 Billion in MBS, CMBS, Treasuries, ABS, CMO, Corporate bonds, Muni Bonds- and only $2.664B in equity valued securities (actual shares in startups, this is very illiquid)....they're essentially plowing everything they have into debt instruments
I'm thinking that BOTH are victims of financial contagion and not separate events. In the recent past, it's been the big banks and NOT the regional or small banks that have had issues with solvency. The fractional reserve banking system almost always guarantees this to be a a top-down systemic issue, not the reverse.
after moass,, these mega real estate corporations like black stone, will have their assets seized, and land sold off. there will be a real estate buying opportunity the likes of which haven't been seen in centuries.
SauceFag Here.
No TLA's or FLA's without definition...
TLA = Two or Three Letter Acronym
FLA = Four Letter Acronym
CMBS = Commercial Mortgage-Backed Security https://www.investopedia.com/terms/c/cmbs.asp
I was mostly trying to save headline space but thanks for sharing
No worries. Just adding my TCW.
TCW = Two Cents Worth
Let me honest. Your acronym breakdown was of educational value to me!
Great. 👍
Just for your comment, here's another from the article headline.
REIT = Real Estate Investment Trust
https://www.reit.com/what-reit
Not to be confused with REE, which is short for REEEEEE!!!
Thank you!
TLA = Three Letter Agency
ROA = Really Overloaded Acronym
2LA on CMBS def
TY
Derivatives backed by NOTHING is what is bringing down the whole financial system. The first Domino's are already beginning to fall.
There is no way the feds can bail out the entire financial system.
And with inflation running rampant this is probably going to cause some type of reset or collapse of the financial system.
The FED isn't going to inject liquidity all of a sudden.
This is likely the goal, per the WEF.
That's why there are reports of Wells Fargo (WF) bailing in by stealing depositers funds. Somehow the rationalizations are strong enough to quell their amputated consciences.. 😒
If anyone hasn't watched "The Big Short" do yourself a favor and watch that amazing movie
We are at the point we have been paying for our swaps entirely too long, anons freaking out about what looks like fraud or incompetence.. I favor fraud because 2008 taught them the people will bail us out
Almost great movie. I remember vaguely that they blamed half the culpable parties and spared the other half.
Really? Who did they leave out
Sadly, I don’t remember. I was hot under the collar afterwards. That was 5 years ago. I’d have to watch it again. I remember thinking that it was an attempt to shield some bad players.
🚀🚀🚀🚀🚀🚀
Glad to see confirmation of white hat fun. Black hats taking it in the shorts. Hah, SHORTS.
updoot for the cleverness
Blackstone is fucked. They spent the last financial crisis succeeding in buying up as much real estate as possible and it will kill them in 2023.
Well, they did screw over the Chinese pretty badly like late last year, when they blocked everyone from getting their Money out of the shit that Blackrock had invested it in....
Then they had the Buildings Destroyed....
I knew there was more to that story. Made no damn sense to build then knock it down again.
Frankly, I still believe it was all part and Parcel to a huge Insurance Scam, each unfinished Apartment Building probably insured for a couple Million, so, they made lots of Money from that, but also stole from the Investors, and got away with all of it....
Well SVB was heavily invested in big tech and the valueless woke companies that they were buying... Clinton tech crash all over again.
They'll just print another 20 trillion to bail them out until the dollar goes bust, we all know how this game with play out. It's not going to be tomorrow, it will be in 2 years when your dollar is useless
Nope, they have got a legality to blow your mind: the bail in; AKA theft...
Good point. That's why I have 5 dollars in the bank lmao
From a Peruvian Bull Tweet about SVB (if you’re a GME “Ape” then you probably read his stuff)…
they hold $117.39 Billion in MBS, CMBS, Treasuries, ABS, CMO, Corporate bonds, Muni Bonds- and only $2.664B in equity valued securities (actual shares in startups, this is very illiquid)....they're essentially plowing everything they have into debt instruments
https://mobile.twitter.com/peruvian_bull/status/1634032011827646464
2008 was MBS (Mortgage Backed Securities) 2023 it’s CMO (Collateralized Mortgage Obligations) DejaVu
Didn’t Blackstone just buy Ancestry.com?
Black Rock
Gonna have to change their name to Black Pebble if things keep getting worse for them.
I'm thinking that BOTH are victims of financial contagion and not separate events. In the recent past, it's been the big banks and NOT the regional or small banks that have had issues with solvency. The fractional reserve banking system almost always guarantees this to be a a top-down systemic issue, not the reverse.
after moass,, these mega real estate corporations like black stone, will have their assets seized, and land sold off. there will be a real estate buying opportunity the likes of which haven't been seen in centuries.