Banks had a meltdown. What comes next? | CNN Business

The fallout from this month’s banking turmoil — the surprising bank runs and collapses of Silicon Valley Bank and Signature Bank — has been widespread. In its wake, the global banking system has been shaken. Credit Suisse and First Republic: Two more banks wobbled but remained upright through the week. Beleaguered megabank Credit Suisse announced last week that it will take up to $53.7 billion in support offered by the Swiss central bank to stay afloat.

“The sharp increase in banks’ emergency borrowing from the Fed’s discount window speaks to the funding and liquidity strains on banks, driven by weakening depositor confidence following one bank winddown and two bank failures,” wrote Moody’s analysts last week. The data, they said, is “in line with Moody’s negative outlook on the US banking system.” Stay vigilant, but don’t panic: So what’s a worried investor, or bank customer, to do? Stay calm, but vigilant, say analysts.

What comes next is a convoluted attempt by the government along you fascists pukes to try and nationalize the banks.

I Think I Speak For All Americans When I Say We Should Help Build Back The Banks

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Bonuses for execs, doing quite well under Joe.

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All woke banking - go woke go broke

Bailouts to wall street paid by small workers through inflation

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Contagion? CHOKEonTHAT

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The banking meltdown put the Fed in a bind | CNN BusinessWith just a few days to go until the Federal Reserve's next interest rate decision, US policymakers are sitting between a rock and a hard place. The Fed raised interest rates to curb inflation but inflation is still high. Instead, the rate hikes along with quantitative tightening has sparked bank failures. Maybe the Fed is not so smart after all. CNN has no credibility Let’s blame those people that voted for deregulation! Trump Republicans and Kristen Sinema
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Silicon Valley Bank's former parent company has filed for bankruptcy protection | CNN BusinessSVB Financial Group, the company that owned the failed Silicon Valley Bank until the US government took it over last week, has filed for Chapter 11 bankruptcy protection. Woke go broke... Get woke, go broke
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FCC cracks down on spammy text messages | CNN BusinessThe Federal Communications Commission is cracking down on spammy text messages with new rules for telecom companies, citing a surge of consumer complaints in recent years tied to unwanted robotexts. There are 40 countries who have never signed or ratified the role of the International Criminal Court. Some of those countries are Turkey, Iraq, North Korea, and Saudi Arabia. There are countries who signed it, but never ratified it. Thank God CNN is on top of the text spam scandals instead of all that soft news about “bank failures” and the “looming destruction of the economy”.
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