$517,000,000,000 in unrealized loses hits US Banking System as FDIC warns 63 lenders on brink of insolvency - The Great Awakening

$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 💸

posted 284 days ago by Shalimar 284 days ago by Shalimar +208 / -0

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– downrightdeplorable 30 points 284 days ago +30 / -0

I hope Wells and US Bank are included. Both are trash companies.

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– Jceggbert5 3 points 284 days ago +3 / -0

What happens if a bank goes under that handles my mortgage?

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– nakedjay 4 points 284 days ago +4 / -0

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.

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– changeagent 2 points 284 days ago +2 / -0

But... does the cash you have in checking, savings, CD's, etc. also go to the new bank? I am wondering if I should pull what little I have out, and let the debts that I've needed to incur just end up where they end up.

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– llinuxdude 4 points 283 days ago +4 / -0

Keep current for now. They will print for a while to keep it afloat. 517 billion seems like a lot, but remember we spend twice that every 90 days

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... continue reading thread?

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