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/artic...XkpjWiiFrtX_Aw
BucketBack (03-18-2023),MountainGirl (03-18-2023),Prepared One (03-18-2023),Slippy (03-18-2023)
Dang, I was part of that to the tune of $2k...Originally Posted by 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/artic...XkpjWiiFrtX_Aw
(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...)
MountainGirl (03-18-2023),StratBastard (03-18-2023)
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 (03-18-2023),Prepared One (03-18-2023),Slippy (03-18-2023),StratBastard (03-18-2023)
https://www.bloomberg.com/news/artic...-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.
Now deferring to the judgement of horses ~ because Truth comes in 30 round bursts.
Broncosfan (03-18-2023),BucketBack (03-18-2023),hawgrider (03-18-2023),Prepared One (03-19-2023),StratBastard (03-18-2023),T-Man 1066 (03-18-2023)
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/jpmorg...es-2023-03-20/
Keep Your Head Up, And your Stick On The Ice.
Denton (03-22-2023),MountainGirl (03-23-2023),StratBastard (03-22-2023)
Keep Your Head Up, And your Stick On The Ice.
It's all just another scam. Another FJB saves the day thing. Big Brother will print more money and save you. F em all!
Michael_Js (03-23-2023),MountainGirl (03-23-2023)
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