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Forum » More banks are going to fail
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Thread: More banks are going to fail

post 1679000133 03-15-2023, 08:32 AM
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More banks are going to fail

I'm cfo of a decent sized company, we have bank accounts at a number of banks for different divisions of the company. I let the balances accumulate until I need the funds in one account or another.

Yesterday, I received a call from a member of the board of directors basically ordering me to move all excess funds from every bank with less than 500 Billion in assets to our largest bank which is literally "too big to fail" ie if this bank fails the US economy will be fuked.

My company's money won't move the needle, but I guarantee CFO's across the country are getting similar calls. Another party to the board contacted me in similar fashion this morning but things were already in motion. If 2 members of my board are taking action, everyones boardd will follow suit eventually.

Sucks for the smaller banks who have done nothing wrong, but their deposits are about to shrink dramatically, and soon their loans will be over leveraged. I could be wrong, but I'm getting my popcorn ready for the show...
post 1679000273 03-15-2023, 08:35 AM
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Sounds about right. I wonder if this will be the catalyst to usher in digital currency.
post 1679000333 03-15-2023, 08:36 AM
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Donut work for phizer or a big drug company? When will this happen?
post 1679000363 03-15-2023, 08:36 AM
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post 1679000463 03-15-2023, 08:39 AM
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I believe it, New world order in effect.
post 1679000823 03-15-2023, 08:45 AM
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Well, hopefully the Feds increase the Reserve ratio requirement.

Just so everybody is aware, the current reserve ration (cash required to be kept on hand) is currently 0%. That's right, 0%. They currently have the authority to loan out every penny that you deposit.
Puts banks at great risk of failure should there be a bank run, which is what is happening now.
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post 1679000953 03-15-2023, 08:47 AM
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Originally Posted By nothingshocking⏩
I guarantee CFO's across the country are getting similar calls.
Yup. I don't think you're wrong on the smaller banks either. Get the popcorn ready, and funds ready to snatch up assets from the doom and gloomers who'll panic sell, srs.

Might be soon time to make more predatory plays, srs.
post 1679001053 03-15-2023, 08:50 AM
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Dave Ramsey said ain't shiit gonna happen to most banks


post 1679001333 03-15-2023, 08:57 AM
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This fool's running a Honda 2000
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post 1679001493 03-15-2023, 08:59 AM
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That's the whole point, this is all planned and perfectly executed so far.

I need more crypto. If they really do a CBDC, crypto is going to be insane. No one wants your Federal Centralized Chitcoin
post 1679001673 03-15-2023, 09:01 AM
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2008 government tarp money
post 1679001743 03-15-2023, 09:03 AM
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Thats Nothing Shocking op
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post 1679001783 03-15-2023, 09:03 AM
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Originally Posted By elterrible987⏩
they should have done that two years ago as part of their supposed amazing inflation reduction plan
Fed Reserve sets the rate, not congress via their Regulation D. It is a bit confusing depending on the size of the transactions for each institution, but in reality:

Effective March 26, 2020, the Board reduced reserve requirement ratios on all net transaction accounts to zero percent, eliminating reserve requirements for all depository institutions. The annual indexation of the reserve requirement exemption amount and the low reserve tranche for 2023 is required by statute but will not affect depository institutions' reserve requirements, which will remain zero.
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post 1679002513 03-15-2023, 09:20 AM
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All part of the plan.
Originally Posted By litljay⏩
Well, hopefully the Feds increase the Reserve ratio requirement.

Just so everybody is aware, the current reserve ration (cash required to be kept on hand) is currently 0%. That's right, 0%. They currently have the authority to loan out every penny that you deposit.
Puts banks at great risk of failure should there be a bank run, which is what is happening now.
AFAIK the zero reserve requirement isn't for all banks. These smaller regional banks wouldn't be effected by a change.


- smaller banks being collapsed;expect them to be cutting their lines of credit/lowering credit limitsto improve their balance sheets

- credit contraction > economic contraction, which I know many of you think would be a good thing to fight inflation however we are already in a state of deflationary money and real trade fell off a cliff










- layoffs continue and likely increase

- this is not just a US problem...EU/euro falls first and after that happens the US has a month or three before following

What can the Fed do to fight a credit market freeze [death of liquidity]? Well they can lower the rate.

Except we have that pesky sticky inflation thing.

I understand that crisis can also be an opportunity and some will profit from this wreck.

Personally I have got to get moving selling this house and get into a minimal monthly expense living situation.I don't see any signs that the utility company or taxman will be showing mercy to people. In this city if your water is shut off for non-payment [60 days late at most] then the city says the property isn't fit for occupancy and forces eviction. And a summer here with no electricity is miserable idea.

FWIW I heard that areas with big tech sectors are predicted to see the steepest fastest decline in real estate prices due to the spreading layoffs.
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post 1679002613 03-15-2023, 09:22 AM
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Such is life for banks that don’t hedge their risk
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post 1679002733 03-15-2023, 09:24 AM
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of course they are.

Banks are for profit- whats the ROI of banks that invest nearly 74m to BLM. SVF isn't the only bank to have done this. wont be the last..... goes to show those "complaints" were worth complaining about.

Perfect example of go woke, go broke.
post 1679002783 03-15-2023, 09:25 AM
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I'm watching a JP morgan webcast right now. The head guy just said he and bankers consider corporate operational deposits to be "sticky" ie safer and better to rely on.

Those are exactly the funds I am currently moving...
post 1679002813 03-15-2023, 09:26 AM
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Originally Posted By nothingshocking⏩
Sucks for the smaller banks who have done nothing wrong, but their deposits are about to shrink dramatically, and soon their loans will be over leveraged. I could be wrong, but I'm getting my popcorn ready for the show...
chiiiiiiiiit. we could see massive amounts of smaller banks / CU's fail only because of people moving money out.

the reason this sucks royally is because its based on fear but also, smaller banks are where you go when you need to get something done and cant go to the bigger banks cuz of their policies or whatever.

if everyone has to go thru one of these big banks, that hurts competition andwillcontribute to higher fees down the road.
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post 1679002883 03-15-2023, 09:27 AM
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oh no


anyways
post 1679003033 03-15-2023, 09:30 AM
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During The Great Inflation back in the '80s and early '90s, more than 1600 FDIC-insured banks went under or received financial assistance
post 1679003153 03-15-2023, 09:34 AM
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Get your silver and gold before it is too late.
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post 1679003583 03-15-2023, 09:42 AM
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Originally Posted By wickedman⏩
Get your silver and gold before it is too late.
How the US government seized all citizens’ gold in 1930s
https://theconversation.com/how-the-...n-1930s-138467
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post 1679003683 03-15-2023, 09:44 AM
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Originally Posted By nothingshocking⏩
I'm watching a JP morgan webcast right now. The head guy just said he and bankers consider corporate operational deposits to be "sticky" ie safer and better to rely on.

Those are exactly the funds I am currently moving...
Why would you sit so heavy with deposits when they're making much less in a bank then being in a Treasury account for short term paper that you could then move to cash when needed?

Sounds like you're missing out on a **** ton of yield...
post 1679003933 03-15-2023, 09:49 AM
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Whelp, glad I don't have any money and nothing to worry about.
post 1679003963 03-15-2023, 09:50 AM
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Originally Posted By wickedman⏩
Get your silver and gold before it is too late.
You mean guns and ammo?
post 1679004223 03-15-2023, 09:53 AM
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Originally Posted By FinBra⏩
Why would you sit so heavy with deposits when they're making much less in a bank then being in a Treasury account for short term paper that you could then move to cash when needed?

Sounds like you're missing out on a **** ton of yield...
We are heavily leveraged as a pe backed firm, our Sr lender doesn't allow us to keep funds in any account they don't have a DACA agreement on. I've asked to park funds in other places before and they don't care what benefit it will give us, if they can't pull the funds, I can't put more than 500k anywhere. Plus if our operating fund ever got large enough, I'd be better off paying down our line.
post 1679004393 03-15-2023, 09:56 AM
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Originally Posted By wickedman⏩
Get your silver and gold before it is too late.
Gold has been ripping last few days

One caution, gold is only as good and valuable as a stable alpha-level monetary system exists somewhere in the world and the players there still value gold. If the goal is a permanent serf class, CBDC, and social credit score then whoever is pulling the strings can decide gold means nothing and it too becomes valueless, not saying that’s what’s happening but fkn hell I wouldn’t be surprised by anything these days
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post 1679004463 03-15-2023, 09:58 AM
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Originally Posted By OffwhiteBrah⏩
Dave Ramsey said ain't shiit gonna happen to most banks


Boomer D also says pay $120k for a nice house in a good neighborhood with low crime next to high paying jobs

He’s right on a lot of stuff and it’s solid fundamental advice in a lot of cases, but he can be a little boomer-ish in many other cases
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post 1679004573 03-15-2023, 10:00 AM
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Originally Posted By nothingshocking⏩
We are heavily leveraged as a pe backed firm, our Sr lender doesn't allow us to keep funds in any account they don't have a DACA agreement on. I've asked to park funds in other places before and they don't care what benefit it will give us, if they can't pull the funds, I can't put more than 500k anywhere. Plus if our operating fund ever got large enough, I'd be better off paying down our line.
This sounds like mismanagement of funds by them holding you back. Best practice is to hold almost no money in cash Deposit accounts over the FDIC thresholds and to hold the remainder in short term paper (T bills primarily) matched to up coming operational liabilities. I'd be livid.
post 1679004793 03-15-2023, 10:03 AM
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Originally Posted By Voidgaze⏩
Sounds about right. I wonder if this will be the catalyst to usher in digital currency.
What's this constant saying with digital currency? Sounds like some tin foil conspiracy
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