Susanne Trimbath PhD on Twitter: Government takes ownership of failed bank then sells loan portfolio to the public. ๐ค Why does that sound so-o-o familiar?
source: https://twitter.com/SusanneTrimbath/status/1643106003062513669
Reddit Post
Latest
What a difference a 48 hours makes? Jamie Dimon 4/4 to shareholders: deposit crisis is "not yet over" & could affect the financial services sector "for years to come." Jamie Dimon today: โI think weโre getting near the end of this particular crisis"
Reddit Post
FDIC Alert! FDIC announced the framework of a marketing process for the approximately $60 billion loan portfolio retained in receivership following the failure of Signature Bank, New York, New York.
This sale will go towards paying back the Feds "Other credit extensions" ($180.1 billion as of 3/29).
Source: https://www.fdic.gov/news/press-releases/2023/pr23026.html
The Federal Deposit Insurance Corporation (FDIC) today announced the framework of a marketing process for the approximately $60 billion
Inflation Alert! Fed Governor Lisa Cook: "the inflation picture is less favorable than it appeared earlier this year. Part of the encouraging disinflation initially observed in the fourth quarter of last year was revised away..."
Lisa Cook: "the inflation picture is less favorable than it appeared earlier this year. Part of the encouraging disinflation initially observed in the fourth quarter of last year was revised away, while inflation over the first two months of this year came in high."
Source: https://www.federalreserve.
Fed Report: "Despite generally strong conditions, Council members reported stark differences in economic impact between the โhavesโ and the โhave nots.โ"
"Wealthier parts of their markets are not yet slowed by inflationary pressures, while lower-income households are feeling the squeeze."
Source: https://www.federalreserve.gov/aboutthefed/files/CDIAC-meeting-20221117.pdf
Community Depository Institutions Advisory Council:
The Community Depository Institutions Advisory Council (CDIAC) was established in 2010 by the Board of
Whistleblower Alert! SEC Awards More Than $12 Million to Two Whistleblowers. Whistleblower 1 prompted the opening of the investigation and provided information on violations that would otherwise have been difficult to detect.
SEC Order:
Press Release:
The Securities and Exchange Commission today announced awards of more than $12 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action.
The first whistleblower prompted the opening of the investigation and provided information on violations that would otherwise have been
Inflation Alert! The Fedโs Preferred inflation metric dropped a little. However, PCE Price Index for services rose 5.7%. Remember, Nearly 2/3 of consumer spending goes into services!
While Corporate Media will trumpet the decline in goods prices, inflation is RAGING and showing no signs of slowing.
Before we get into the number, Governor Philip N. Jefferson's recent speech does a pretty good job level setting PCE price index for those wondering what it is:
Different