Bank of America could collapse in 2024; Net income dived 50% to $3.1 billion compared to $7.1 billion in 2022. - The Great Awakening

Bank of America could collapse in 2024; Net income dived 50% to $3.1 billion compared to $7.1 billion in 2022. (www.msn.com) 💥 FUTURE BANK COLLAPSE

posted 354 days ago by Jscholl17 354 days ago by Jscholl17 +82 / -0

21 comments

21 comments share save hide report block hide replies

You're viewing a single comment thread. View all comments, or full comment thread.

Comments (21)

sorted by:

▲ 2 ▼

– CheekyHawk 2 points 354 days ago +2 / -0

They will turn on each other. The others won’t get their bail out until someone convincing fails… so they need to throw someone big under the bus.

permalink parent save report block reply

▲ 1 ▼

– Narg 1 point 354 days ago +1 / -0

The plan this time is a bail IN, not a bail out. The banks will be made whole by taking DEPOSITOR'S money, not by getting hand-outs from the FED.

https://www.qwant.com/?q=bail-in

EDIT:

What is a bail-in?

A bail-in is a form of financial relief for banks that are in danger of collapsing or going bankrupt. The relief comes from canceling some or all of the bank’s debt by reducing the value of bank shares, bonds, and uninsured deposits. (Note: The Federal Deposit Insurance Corporation (FDIC) insures most bank deposits up to $250,000 per individual.)

A bail-in is the opposite of a bailout. Instead of relief funds coming from outside (taxpayers), the funds come from inside (shareholders and depositors). Although bail-in relief has been implemented in Europe, it has never been used in the U.S.

https://fortune.com/recommends/banking/what-is-a-bail-in/

permalink parent save report block reply

To The Great Awakening

We are researchers who deal in open-source information, reasoned argument, and dank memes. We do battle in the sphere of ideas and ideas only. We neither need nor condone the use of force in our work here. WE ARE THE PUBLIC FACE OF Q. OUR MISSION IS TO RED-PILL NORMIES.

This is a pro-Q community. Please read and respect our rules below before contributing.

WHY Q?

"Those who cannot understand that we cannot simply start arresting w/o first: ensuring the safety & well-being of the population shifting the narrative removing those in DC through resignation to ensure success defeating ISIS/MS13 to prevent fail-safes freezing assets to remove network-to-network abilities kill off COC to prevent top-down comms/org, etc. etc. should not be participating in discussions." Q