Thursday, March 16, 2023

Betcher Ass That Those Banksters Are Not Doing This Out of the Goodness of Their Hearts

Large U.S. banks injected $30 billion in deposits into First Republic Bank (FRC.N) on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the past week.
...
Some of the biggest U.S. banking names including JPMorgan Chase & Co (JPM.N), Citigroup Inc (C.N), Bank of America Corp (BAC.N), Wells Fargo & Co (WFC.N), Goldman Sachs (GS.N) and Morgan Stanley (MS.N) were involved in the rescue, according to a statement from the banks.

The deal was put together by power brokers including U.S. Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell and JPMorgan Chase CEO Jamie Dimon, who discussed the package on Tuesday, according to a source familiar with the situation.

Goldman Sachs, in particular, would do nothing like that unless they saw a way to make obscenely huge amounts of money from it. They are about as close to a completely psychopathic nd amoral entity as exists in the world of banking, and that's saying quite a lot.
on or about

1 comment:

House Rules #1, #2 and #6 apply to all comments. Rule #3 also applies to political comments.

In short, don't be a jackass. THIS MEANS YOU!
If you never see your comments posted, see Rule #7.

All comments must be on point and address either the points raised in the blog post or points raised by commenters in response.
Any comments that drift off onto other topics are subject to deletion.

(Please don't feed the trolls.)

中國詞不評論，冒抹除的風險。僅英語。

COMMENT MODERATION IS IN EFFECT UFN. This means that if you are an insulting dick, nobody will ever see it.