$517,000,000,000 in unrealized loses hits US Banking System as FDIC warns 63 lenders on brink of insolvency
(twitter.com)
ECON & BANK COLLAPSE 💸
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I hope Wells and US Bank are included. Both are trash companies.
What happens if a bank goes under that handles my mortgage?
The US government steps in and "assists" with the sell off of assets to another bank...likely JP Morgan. Then you start sending them your monthly mortgage payment.
JP Morgan is not in great shape either.
That is good news, imho