Bob Michele (JP Morgan's CIO) on Bloomberg this morning talking about the Fed's emergency BTFP interventions & the liquidity crisis in banks.
He also specifically mentioned Truist Bank 😬
Truist Bank has over $500 billion in assets & could be on the verge of failure along with Charles Schwab
(twitter.com)
💥 BANK COLLAPSE 💥
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I think you'd all be safer with a local Credit Union. We dumped Bank of Amerikka, and Citizens at the same time. Citizens staff was aggressively trying to convince us to leave our money in.
Local Credit Unions have tangible real estate assets within your community.
🟢 Not financial advice, I'm an idiot.