Run on the banks?

[hawgrider]

Anybody seeing, hearing anything? Been seeing lots of doom and gloom and alarm sounding on the you toob.

I've got my old house proceeds in the bank while I'm looking for a new house.
I'm not real excited about pulling it all out in 100 dollar bills. Or should I be running to the bank right now?

[Slippy]

We had our grandson over for a couple of days but by night #2 the little bastard had worn us both out.

I decided to use some grown-ass man logic on the kid and found my checkbook, wrote him a check for $1,000,000.00 and gave it to him on the condition that he go to bed.

He laughed at me, put the check in his mouth and chewed on it for a while then spilled apple-sauce on it.

Kids today...:soapbox:

[Box of frogs]

Anybody seeing, hearing anything? Been seeing lots of doom and gloom and alarm sounding on the you toob.

I've got my old house proceeds in the bank while I'm looking for a new house.
I'm not real excited about pulling it all out in 100 dollar bills. Or should I be running to the bank right now?

My wife is in banking.
She’s not concerned with any of this.
They haven’t seen/heard any reason for panic
BoF

[BucketBack]

Maybe it was to stifle competition from startups, and the coming Fed Digital Currency??

[hawgrider]

My wife is in banking.
She’s not concerned with any of this.
They haven’t seen/heard any reason for panic
BoF

Good thanks Frog!

[SOCOM42]

I found this interesting, was on the Blaze.

Global lending firm Silicon Valley Bank, which has mainly served tech companies and venture capital firms, collapsed last week after 40 years in business, and now some are blaming the company's recent "woke" business practices for its demise.

On Friday, the California Department of Financial Protection announced that SVB, based in Santa Clara, California, had been shut down after SVB's parent company, SVB Financial Group, admitted it had taken a $1.8-billion hit after dumping $21 billion in securities. The possibility of financial insolvency spooked investors and account-holders, prompting a run at the bank.
by Taboola

While some have blamed the collapse on volatile bond markets and rising interest rates, others — including Home Depot co-founder Bernie Marcus — have claimed that the company became too focused on "woke" issues, like LGBTQ+ activism and environmental alarmism, rather than their shareholders.

"[T]hese banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is, shareholder returns," Marcus said in an interview with Fox News' Neil Cavuto on Saturday.

They don’t want you to see this … Big Tech does its best to limit what news you see. Make sure you see our stories daily — directly to your inbox.
"Instead of protecting the shareholders and their employees, they are more concerned about the social policies," Marcus added, "and I think [SVB is] probably a badly run bank."


A quick scan through SVB's social media posts supports Marcus' assertion. As recently as this month, just days before it went into receivership with the FDIC, SVB discussed "decarbonization" and the importance of "women entrepreneurs."

[Box of frogs]

^^^ BINGO ^^^

[BucketBack]

I quit watching and listening to Beck last week. It's not allowed and I have to sneak watch. WOOD radio is the only station that comes in on her Envoy, so we take that and listen to Beck and ClayBuck.

[MountainGirl]

Feds said late today they'll "backstop" the depositors - so there shouldn't be any big run... last I checked DOW futures were up +200, so...
"Shouldn't" is the operative word, here.
God knows what the average Joe will do - if all he sees are MSM headlines, etc.
We'll probably pull out a couple grand tomorrow, just for shits & grins, and cause we'll be in town anyway.

[Box of frogs]

Banks keep very little cash actually at their location.
Most small community banks will have 150-350K in the branch.
The balance of the cash is at the Fed reserve that is in the banks region.
The banks order the cash from the fed if you want to pull out a large sum in cash.

You’d be surprised at the number of people that still think all the money is in a big safe at their branch
BoF

[hawgrider]

Banks keep very little cash actually at their location.
Most small community banks will have 150-350K in the branch.
The balance of the cash is at the Fed reserve that is in the banks region.
The banks order the cash from the fed if you want to pull out a large sum in cash.

You’d be surprised at the number of people that still think all the money is in a big safe at their branch
BoF

I imagine it would take a week or two to get a 100k in hundred dollars bills.

[Inor]

I imagine it would take a week or two to get a 100k in hundred dollars bills.

If you have less than $250K on deposit, don't even think about withdrawing it! Your money is insured by the FDIC and if they do not cover, the financial system will have basically broken to the point that the last thing any of us are going to worry about is money. If you have more than 250K but less than a million, I still would not worry much. But in that situation, you could just break it into several accounts with each less than $250K.

If you have more than a million on a long-term deposit at a bank then you are a dumbass for not putting it to work making more money for you somewhere else!

Edit: Whenever I am going to withdraw more than about $2000 in cash, I always call ahead to make sure the branch has the cash on hand. I have had troubles even getting $5000 in cash if they are not planning on it.

[hawgrider]

If you have less than $250K on deposit, don't even think about withdrawing it! Your money is insured by the FDIC and if they do not cover, the financial system will have basically broken to the point that the last thing any of us are going to worry about is money. If you have more than 250K but less than a million, I still would not worry much. But in that situation, you could just break it into several accounts with each less than $250K.

If you have more than a million on a long-term deposit at a bank then you are a dumbass for not putting it to work making more money for you somewhere else!

Edit: Whenever I am going to withdraw more than about $2000 in cash, I always call ahead to make sure the branch has the cash on hand. I have had troubles even getting $5000 in cash if they are not planning on it.

Good info Inor !

[Box of frogs]

If you have less than $250K on deposit, don't even think about withdrawing it! Your money is insured by the FDIC and if they do not cover, the financial system will have basically broken to the point that the last thing any of us are going to worry about is money. If you have more than 250K but less than a million, I still would not worry much. But in that situation, you could just break it into several accounts with each less than $250k

If there is more than one name on that account say you and a wife or you and a few business partners then each depositor ha that 250k insurance. So a joint account would be covered for 500k.
It’s not always necessary to break a larger account into 250k sums. At least that’s how my wife explains it.
BoF

[Box of frogs]

I imagine it would take a week or two to get a 100k in hundred dollars bills.
a couple of days for sure but not weeks.
Wife has a customer that operates ATMs in gas stations. This guy get 200-300k a week every week to reload his machines.
He picks it up at the branch, tosses it in a gym bag a walks out like it was his laundry.
I’d have to have body armor and at least two hand guns packed to do that.
BoF

[BucketBack]

Feds said late today they'll "backstop" the depositors - so there shouldn't be any big run... last I checked DOW futures were up +200, so...
"Shouldn't" is the operative word, here.
God knows what the average Joe will do - if all he sees are MSM headlines, etc.
We'll probably pull out a couple grand tomorrow, just for shits & grins, and cause we'll be in town anyway.

Winter Weather Advisory anutter 1-3" . Schools, churches and food pantries closed.

Good day to take off work and hit up the bank ( s )

Cat's been gone a week. I moved the litter box back out`doors, and bam, here shows up the cat this morning.

Now that's money in the bank. Move the box, cat shows up.

I closed out my safety deposit box Thursday that I couldn't get into in 2020 . Not much of value, not $75 a year worth anyway

Found a lot of tweets at arfcom about a 8 am announcement, lots of back and back and more back

https://www.ar15.com/forums/general/Biden-to-make-bank-speech-Mon-8-AM-EST-depositors-will-get-More-banks-fail-and-stocks-plunge/5-2630044/?r=-1&page=1&anc=103209038#i103209038

[shootbrownelk]

Banks keep very little cash actually at their location.
Most small community banks will have 150-350K in the branch.
The balance of the cash is at the Fed reserve that is in the banks region.
The banks order the cash from the fed if you want to pull out a large sum in cash.

You’d be surprised at the number of people that still think all the money is in a big safe at their branch
BoF

It's NOT?.....WTF?

[Prepared One]

I imagine it would take a week or two to get a 100k in hundred dollars bills.

Ask for it in pennies, that'll piss em off. :bounce:

[Chiefster23]

Drove by my local bank 3 times today and all 3 times the lot and drive-thru was empty. No customers. So no bank run here. But this is a very small locally owned bank.

[Slippy]

Drove by my local bank 3 times today and all 3 times the lot and drive-thru was empty. No customers. So no bank run here. But this is a very small locally owned bank.

Received some checks so went to the bank around noon. Nobody in the lobby, 1 van in the commercial lane, 1 car at the ATM, so I hit the second drive thru lane. In and out in 5 minutes.

Before leaving I asked Phil, our teller at the bank, if he had seen a RUN on the bank yet...and Phil just grinned, shook his head, NO, was all he said. (:bigthumbup:)

[Prepared One]

I went and got cash the other day just to have a bit more in cash on hand. My small town bank didn't blink an eye. The banks aren't going to fail....yet. But this is a grand opportunity for the G-Man to take more control. The G-Man wants to socialize the bank industry so that no one takes a fall for their bad management with your money. This simply opens the door for the government to take more control. (In order to protect you from you!)

Biden and his socialist democrat monkeys answer is more regulations, more oversight, more control. Don't worry my little lambs, Big Brother will take good care of you.

[StratBastard]

I have some cash in the bank and am thinking about moving some out. One good way is to simply ask for a wire transfer, that's just ones and zeros. I would send another large wire transfer to buy silver as a good solution, but the price has gone up. But I watch daily.

[StratBastard]

21877

[bigwheel]

The family book cooker wants to drag out 10 k and try to hide it somewhere in the little empty nester crib. Seems plausible to me. I told her 9,999 but she wanted to argue so I quit trying to be helpful. I make the money and she does the math. lol.

[StratBastard]

The family book cooker wants to drag out 10 k and try to hide it somewhere in the little empty nester crib. Seems plausible to me. I told her 9,999 but she wanted to argue so I quit trying to be helpful. I make the money and she does the math. lol.

I used to keep $20K routinely in my floor safe. Your book cooker has good ideas.

[StratBastard]

21880

[shootbrownelk]

I just read that SVB was a huge donor to the BLM, Antifa & Gay Pride movements, they said 70 million was pissed away on donations to the violent far left mobs. IMO, they made their bed. And the banks executives should be in prison.

[KnuteFartne]

I just read that SVB was a huge donor to the BLM, Antifa & Gay Pride movements, they said 70 million was pissed away on donations to the violent far left mobs. IMO, they made their bed. And the banks executives should be in prison.I actually talk about this on our latest show. I have audio of a liberal activist admitting SVB is the "Democrat ATM".

SVB was also without a risk manager for 9 months. No one estimating risk on investments. They also held a month long pride celebration in their offices. Their behavior and attitude was horrible. They most definitely got what they deserve.

But Joey will protect his own and the little guy will pay for it. Even though he swears they wont.

Sent from my SM-S906U using Tapatalk

[shootbrownelk]

I actually talk about this on our latest show. I have audio of a liberal activist admitting SVB is the "Democrat ATM".

SVB was also without a risk manager for 9 months. No one estimating risk on investments. They also held a month long pride celebration in their offices. Their behavior and attitude was horrible. They most definitely got what they deserve.

But Joey will protect his own and the little guy will pay for it. Even though he swears they wont.

Sent from my SM-S906U using Tapatalk

Biden has been and still is a goddammn liar. He's told the same stupid stories over and over for over 50 years and every time he tells them something changes. That's what happens when you lie, you forget what you lied about earlier. He lied about his education, he cheated on college papers, the list is endless. And there is plenty of evidence of it, and it's documented. I hope this investigation on Biden's financial dealings in the congressional hearings goes somewhere, they have some of the bank records involving wire transfers from Russia, China, Ukraine and other countries to various members of the Biden crime syndicate (family) involving millions if not Billions of dollars for doing nothing of substance to earn it, other than gaining political influence and Vice Presidencial favors.

[StratBastard]

21888

[StratBastard]

Charles Schwab Corp. saw $8.8 billion in net outflows from its prime money market funds this week as investors rattled by turmoil at US banks plowed even more money into the brokerage’s other portfolios that favor assets with government backing.

https://www.bloomberg.com/news/articles/2023-03-16/schwab-clients-pull-8-8-billion-from-prime-funds-in-three-days?cmpid=socialflow-facebook-business&utm_source=facebook&utm_campaign=socialflow-organic&utm_medium=social&utm_content=business&fbclid=IwAR1dTsUZr-9OuTCsoec7T4K1cC29DYsrf1m4tE1bEtFLhXkpjWiiFrtX_Aw

21896

[Slippy]

Charles Schwab Corp. saw $8.8 billion in net outflows from its prime money market funds this week as investors rattled by turmoil at US banks plowed even more money into the brokerage’s other portfolios that favor assets with government backing.

https://www.bloomberg.com/news/articles/2023-03-16/schwab-clients-pull-8-8-billion-from-prime-funds-in-three-days?cmpid=socialflow-facebook-business&utm_source=facebook&utm_campaign=socialflow-organic&utm_medium=social&utm_content=business&fbclid=IwAR1dTsUZr-9OuTCsoec7T4K1cC29DYsrf1m4tE1bEtFLhXkpjWiiFrtX_Aw

21896

Dang, I was part of that to the tune of $2k...

(I'd like to report that I used that $2k to buy the CMMG Banshee in .308WIN https://cmmg.com/pistol-banshee-mk3-308win-12-5, but alas, it was just for some opulent wasteful bullshat that Mrs Slippy spends on the grandkids, chickens and dogs...:callme:)

[Slippy]

Dupe

[Chiefster23]

Dupe

BAD SLIPPY! Bad! Shame on you for wanting one of those evil black guns that kill millions of innocent Americans every year. Especially when it is equipped with one of those awful, illegal, and super deadly arm braces that have been 100% proven to make the gun 1000% more deadly. SHAME! LOL

[MountainGirl]

https://www.bloomberg.com/news/articles/2023-03-18/midsize-us-banks-ask-fdic-to-insure-all-deposits-for-two-years

Midsize Banks Ask FDIC to insure all deposits for two years

A coalition of midsize US banks asked federal regulators to extend FDIC insurance to all deposits for the next two years, arguing the guarantee is needed to avoid a wider run on the banks.

“Doing so will immediately halt the exodus of deposits from smaller banks, stabilize the banking sector and greatly reduce chances of more bank failures,” the Mid-Size Bank Coalition of America said in a letter to regulators seen by Bloomberg News.

The collapse this month of Silicon Valley Bank and Signature Bank prompted a flood of deposits out of regional lenders and into the nation’s largest banks, including JPMorgan Chase & Co. and Bank of America Corp. Customers spooked by the bank failures were taking refuge in firms seen as too big to fail.

...

Too big to fail. Dejavu all over again.

[BucketBack]

https://www.ar15.com/media/mediaFiles/1818/F7E41984-4668-43C8-9E61-FC4B750B7574_jpe-2755125.JPG


NEW YORK, March 20 (Reuters) - A U.S. judge said on Monday JPMorgan Chase & Co (JPM.N) and Deutsche Bank AG (DBKGn.DE) must face lawsuits accusing them of enabling Jeffrey Epstein's sex trafficking.

The decision by U.S. District Judge Jed Rakoff in Manhattan could expose the banks to additional financial and reputational damage for keeping Epstein as a client, even after the late financier registered as a sex offender.

https://www.reuters.com/legal/jpmorgan-deutsche-bank-must-face-lawsuits-over-jeffrey-epstein-ties-2023-03-20/

[BucketBack]

https://www.ar15.com/media/mediaFiles/1818/EB4EE8E6-3044-45E6-8E3E-C502BAB15CB0_png-2755141.JPG

[MoreAmmoOK]

It's all just another scam. Another FJB saves the day thing. Big Brother will print more money and save you. F em all!