No banks are safe (bail ins, FDIC limits, systemic risks)

[Goldhedge]

Cash Withdrawals And Deposits BANNED By May 20th​

11

 

[searcher]

How $1 billion vanished in Republic Bank collapse​

The Monday after taking over the Philadelphia region’s failed Republic Bank, Fulton Bank, based in Lancaster County, turned its plans toward new customers and deciding which branches to keep open and which employees to retain.

Among losers in the financial collapse of Republic, seized Friday by state regulators, were shareholders, the Federal Deposit Insurance Corp., and up to half of the 430 employees.

The company was worth around $350 million, or $5 a share, as recently as May 2022, as factions led by Commerce Bank founder Vernon Hill, Wall Street investor Andrew Cohen, and South Jersey political leader George Norcross fought for control of the bank, founded in 1988.

Last fall, the Norcross group appeared to have won the power struggle, but in February, it canceled an agreement to invest in the bank, citing worse-than-expected financial data in Republic’s long-delayed reports to the Securities & Exchange Commission. Republic claimed it still had enough capital to stay in business without the Norcross money. But with no other investor in view, regulators pulled the plug on Friday, calling Republic “unsafe and unsound.”

More:

MSN

 

[searcher]

You can learn more about the money laundering scheme here https://www.pmbug.com/threads/fiat-...y-laundering-fraud-ponzi-etc.7257/post-101380

Investors need to put greater weight on worst-case scenarios for TD: analyst​

May 6, 2024
There could be a 7% ($1B) downside to TD's earnings potential due to the probe tied to laundering drug money, says Gabriel Dechaine, Canadian banks analyst at National Bank Financial.


5:36

 

[SilverSamurai]

Bail-ins support banks
Moral hazard unleashed
Socialized losses

 

[Casey Jones]

Bail-ins support banks
Moral hazard unleashed
Socialized losses

The hell of it is...with mandatory EFT for payroll and other income, there's not a practical way to de-bank one's self.

I think the Elites are going to find out what happens when they COMPLETELY DESTROY any trust in the financial institutions.

As in, who the hell is gonna work, when compensation is a crap shoot? If they want us to starve, and are working to make it happen...might as well go down fighting, and take some of their footsoldiers with us.

 

[searcher]

Dan's at the fish market today.

FYI: I watch some of Dan's vids as much for entertainment as I do for news. He walks through some neat places and makes his vids interesting. As usual, dyodd.

Your Bank Could Betray You - What They Aren't Telling You!​

May 11, 2024 #BankRun #BankClosed #Cash

BANKING CRISIS EXPOSED: What They Aren't Telling You! Dive into the shocking truths behind the banking sector's move towards digital-only transactions, potentially signaling a major shift in global financial practices. You cannot deny what we are going to be heading into. Now you have a bank that will deny all transactions. This bank will be closed basically to human contact. No deposits, no withdrawals and no cashier's checks.


20:17

Here are the links for the stories mentioned in this video:

https://share.newsbreak.com/6un84qnq
https://www.cnbc.com/amp/2024/05/09/w...
https://share.newsbreak.com/6u4oa6xp
https://www.yahoo.com/entertainment/l...
https://www.zerohedge.com/geopolitica...
https://finance.yahoo.com/news/millen...
https://upnorthlive.com/news/local/ho...