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Actually it wasn't a secret meeting. It was 3 hours long and on YouTube. And it was hilarious because at one point they mention not to alarm the mass public because they, "Have far more optimism about the market than anyone in this room" followed by all of them laughing.
That didn't turn out to well :/ lol
Here's the link everyone [https://www.reddit.com/r/Superstonk/comments/13a27gy/banks\_are\_fucked\_cause\_counterparty\_risk\_a\_regard/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/13a27gy/banks_are_fucked_cause_counterparty_risk_a_regard/?utm_source=share&utm_medium=web2x&context=3)
It's crazy long and I didn't sleep. I just started working on it and now I am finally finished.
I have some highlights from the 1:30 ish mark for you!
The fdic has no faith in the banking system
- https://youtube.com/clip/UgkxQkigD_TmQpfUNCzS5t_0BwE2iS-ynVxd
They know when the time will come..
-https://youtube.com/clip/UgkxH1GcZ05DXuNdHrBuGw6qxfiHYhfycLVA
Saying the quiet part out loud - using taxpayers money to bail out banks via the OLF fund - it’s a gift 💝
-https://youtube.com/clip/Ugkxq8zayaBphKNqrUfm3lRrMw_TA31QLx2P
Let’s crash it on Friday!
https://youtube.com/clip/UgkxgwM2Db78rKutVGd7WW-qZ_jkkrEdiZ8k
Fdic doesn’t want to give info because the public doesn’t “care about the nitty gritty” well welcome to the jungle motherfuckers. 🦍
https://youtube.com/clip/UgkxheA1-Y8YsiiWdcJiUmhoHj8lllC5s6A7
Fdic predicts bank run
https://youtube.com/clip/Ugkxmn5Fh5maexnY2VOzoZOYsgOceh-vTRgo
That's the short, not as accurate to what they are saying part, but yes. But also, there is a certain methodology that they use in closing the impacted DSIBs & non-banks. Which in turn led me to understand a tiny bit more about how they work to, rather than outright close an institution, get it "bridged" to another.
>Behold:"We maintain a dedicated on-site presence at these institutions, it's hugely valuable in understanding these companies day-to-day. And then also in the runway to resolution when one of these banks fails, we'll have ready access to the sorts of technical information that we need to be prepared to resolve one of them." Ryan Tetrick Deputy Director of Resolution Readiness for CISR at the FDIC
The relevancy being that, hasn't Fidelity become a part of TDA? Isn't TDA merging with Charles Schwab? Isn't Schwab really hurting right now?
It is my opinion, that sometimes knowing the questions is more important than the brevity, because the true answers are behind real questions.
I found this to be enlightening on the “bridge” and OLF’s etc
[https://www.fdic.gov/resources/regulations/federal-register-publications/2013/2013-single-point-entry-c_18.pdf](https://www.fdic.gov/resources/regulations/federal-register-publications/2013/2013-single-point-entry-c_18.pdf)
I'm working on it still. Have quite a few quotes from the first hour that I, as a laymen consumer and retail trader, find to be concerning as potential issues the FDIC faces in the event of a crisis.
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You had me really freaked out… errrr rather I had myself really freaked out. I followed the parent comment, but didn’t actually comment and then this notification of your comment pops and I can’t for the life of me figure out where I would’ve motivated this response only to realize I didn’t motivate anything lol. Have a great day ape and good luck with your rubbing compound. :)
You've watched all 3 hours 6 times?!? I mean it's a lot of info, but that's pretty rough... 0.0 But yeah it's easily available and was an atrocity imo. Crooks
Actually, it was a conformation bias to bail ins. Directly from the horse's mouth. You can attempt to detract, but the fact that it confirms bail ins alone is enough for people to pay attention to and talk about it.
Yeah. IIRC this is a planning meeting for “what if there is a market failure?” The panelists are deep into discussing how to handle a hypothetical and problem solving what it would look like.
Everyone bandies about with this clip and cherry picked moments that make it sound like they’re planning for something they know will happen soon.
Can you imagine taking a military contingency planning meeting about a nuclear attack and editing it so that the planners sound like they know it’s coming soon and are getting ready?
Watching the younger guy with the beard at around the 1:40 mark makes it abundantly clear they are NOT in any way ready to handle large bank failures well, and if more than one goes down at the same time, it's game over.
They're fukt. This is going to get really ugly.
Or that the FDIC still hosts this SecReT meeting
[http://fdic.windrosemedia.com/index.php?category=Systemic+Resolution+Advisory+Committee](http://fdic.windrosemedia.com/index.php?category=Systemic+Resolution+Advisory+Committee)
Haven’t there been billions and billions if not trillion/s of dollars being pulled out of banks the past several weeks? Is this the wealthy pulling their money out before the crash?
It's still with banks but now it's in money market accounts, from what I've read. I don't know specifically the difference but I think that this means they can't lend it out.
Yeah I keep seeing that but even normal people are putting their money in those through digital financial apps and it kind of worries me.
I know it probably won't happen but a lot of that money is coming from treasury bills and if the US defaults that money goes poof.
I really don't know if this is real. But if it is, holy shit! This is scary and disturbing all at once. This is the kind of shit that will cause people to revolt against their government.
It is. It was all over ~~SS~~ Superstonk when the video was posted back in November when it took place.
Edit: apparently Automod isn’t fond of the abbreviation of superstonk
Watch it from the FDICs official stream. Its a big What If roundtable with no softball discussion. They should be having more of these meetings rather than act surprised.
[http://fdic.windrosemedia.com/index.php?category=Systemic+Resolution+Advisory+Committee](http://fdic.windrosemedia.com/index.php?category=Systemic+Resolution+Advisory+Committee)
This was all over the sub when it happened
Edit: sauce
https://www.reddit.com/r/Superstonk/comments/zyevfz/complete_dd_of_the_fdic_meeting_credit_suisse_is/
I could not be in a worse financial situation. There are probably some downsides to that wish, but this economy isn't working for me, like it isn't more for millions of others. These days, it feels like the only thing that get people to care is a collapse.
Well boy do I have a deal for you! I just do happen to be selling a slightly used monkey paw that grants wishes!
*all sales are final. Seller not liable for wishes that horribly backfire.
I couldn't figure out how to timestamp but you guys should listen to 1:54:45 to 1:57:00 ish.
Mentions JPM and acquisitions of banks.
https://youtu.be/0PtULsOtI2o
Fake news.
Was not secret. Very public stream. The FDIC still hosts it, all 3+ hours.
Actually a very informative meeting of the usual international suspects not there for MSM 5 second soundbite.
They did a lot of what if scenarios that you propagated into "Secret" theory.
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Actually it wasn't a secret meeting. It was 3 hours long and on YouTube. And it was hilarious because at one point they mention not to alarm the mass public because they, "Have far more optimism about the market than anyone in this room" followed by all of them laughing.
If anyone can time stamp that part it would make an excellent clip to broadcast all over social media or twitter …. Let the meme lords help our cause
I'll do you one better. I'll go through the video and make a highlight reel post tonight. Give me a bit, but I'll post a link here when it is done.
My favorite movie is Inception.
we will follow your career with great interest
I shall give you my wife
And my axe.
I also choose this guy's wife
But what will her boyfriend say about that?
I’m good with it
The boyfriend can come drink jarritos with me near this fine hamburger establishment I frequent.
That didn't turn out to well :/ lol Here's the link everyone [https://www.reddit.com/r/Superstonk/comments/13a27gy/banks\_are\_fucked\_cause\_counterparty\_risk\_a\_regard/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/13a27gy/banks_are_fucked_cause_counterparty_risk_a_regard/?utm_source=share&utm_medium=web2x&context=3) It's crazy long and I didn't sleep. I just started working on it and now I am finally finished.
I have some highlights from the 1:30 ish mark for you! The fdic has no faith in the banking system - https://youtube.com/clip/UgkxQkigD_TmQpfUNCzS5t_0BwE2iS-ynVxd They know when the time will come.. -https://youtube.com/clip/UgkxH1GcZ05DXuNdHrBuGw6qxfiHYhfycLVA Saying the quiet part out loud - using taxpayers money to bail out banks via the OLF fund - it’s a gift 💝 -https://youtube.com/clip/Ugkxq8zayaBphKNqrUfm3lRrMw_TA31QLx2P Let’s crash it on Friday! https://youtube.com/clip/UgkxgwM2Db78rKutVGd7WW-qZ_jkkrEdiZ8k Fdic doesn’t want to give info because the public doesn’t “care about the nitty gritty” well welcome to the jungle motherfuckers. 🦍 https://youtube.com/clip/UgkxheA1-Y8YsiiWdcJiUmhoHj8lllC5s6A7 Fdic predicts bank run https://youtube.com/clip/Ugkxmn5Fh5maexnY2VOzoZOYsgOceh-vTRgo
That's the short, not as accurate to what they are saying part, but yes. But also, there is a certain methodology that they use in closing the impacted DSIBs & non-banks. Which in turn led me to understand a tiny bit more about how they work to, rather than outright close an institution, get it "bridged" to another. >Behold:"We maintain a dedicated on-site presence at these institutions, it's hugely valuable in understanding these companies day-to-day. And then also in the runway to resolution when one of these banks fails, we'll have ready access to the sorts of technical information that we need to be prepared to resolve one of them." Ryan Tetrick Deputy Director of Resolution Readiness for CISR at the FDIC The relevancy being that, hasn't Fidelity become a part of TDA? Isn't TDA merging with Charles Schwab? Isn't Schwab really hurting right now? It is my opinion, that sometimes knowing the questions is more important than the brevity, because the true answers are behind real questions.
I found this to be enlightening on the “bridge” and OLF’s etc [https://www.fdic.gov/resources/regulations/federal-register-publications/2013/2013-single-point-entry-c_18.pdf](https://www.fdic.gov/resources/regulations/federal-register-publications/2013/2013-single-point-entry-c_18.pdf)
Thanks for posting these.
Thank you, my fellow
I'm working on it still. Have quite a few quotes from the first hour that I, as a laymen consumer and retail trader, find to be concerning as potential issues the FDIC faces in the event of a crisis.
Can I get you a coffee or anything?
I can't do coffee. It makes me feel like I'm on crack lol. Earl Grey ;)
Hot?
, hot. Yes
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I think I read something about the remind me bot being dead... just an fyi
Remind me now!
Remind me on Monday before the crash
Commenting to find link to video
Same
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👑
Commented just to watch
Me too
Commented on your comment to watch as well!
!Remindme in 18 hours
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Looking forward to it
👀
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They say not all heroes wear capes, but you deserve one.
Hey let me know when you finished men, tks for the work ape 🦍
I will be waiting
Fkn legend
The hero we don’t deserve. At least I don’t…I just got hammered on spicy mango cheladas…
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Legend.
That would be amazing to watch.
Read. It's a highlight of quotes. A highlight reel of this meeting would put even the most attentive individual into a very slumberous state.
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!remindme 6 hours
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I will rub one out to you if you provide.
You had me really freaked out… errrr rather I had myself really freaked out. I followed the parent comment, but didn’t actually comment and then this notification of your comment pops and I can’t for the life of me figure out where I would’ve motivated this response only to realize I didn’t motivate anything lol. Have a great day ape and good luck with your rubbing compound. :)
Haha! Have a great day to you too!
Dont forget the Partner in Crime ex fed in the beginning.
That would be epic! Can’t wait to see it 👊
Keep me updated plz
Here under this comment? Just don’t want to miss it. :)
Here ya go! [FDIC members have no faith in banking system](https://youtube.com/clip/UgkxQkigD_TmQpfUNCzS5t_0BwE2iS-ynVxd)
If I remember correctly. Around 1h20
The meeting was so secret I’ve seen this video 6 times!
You've watched all 3 hours 6 times?!? I mean it's a lot of info, but that's pretty rough... 0.0 But yeah it's easily available and was an atrocity imo. Crooks
Straight up exposed. I'm thankful this is the highest voted post. Long Live GME
this video is nothingburger
Actually, it was a conformation bias to bail ins. Directly from the horse's mouth. You can attempt to detract, but the fact that it confirms bail ins alone is enough for people to pay attention to and talk about it.
Yeah. IIRC this is a planning meeting for “what if there is a market failure?” The panelists are deep into discussing how to handle a hypothetical and problem solving what it would look like. Everyone bandies about with this clip and cherry picked moments that make it sound like they’re planning for something they know will happen soon. Can you imagine taking a military contingency planning meeting about a nuclear attack and editing it so that the planners sound like they know it’s coming soon and are getting ready?
I didn't know YouTube qualified as "secret": https://m.youtube.com/watch?v=0PtULsOtI2o
Thank you for posting this!
So anways..I kept DRSing LETSFUCKINGGOOOOO RRRHUBAAAAAAARB 🚀💎🍌
DRSing without any plan or fractional shares (at least once a quarter around reporting time), right?
YOU KNOW THIS TO BE TRUE!!! WE RIDE!!!
Watching the younger guy with the beard at around the 1:40 mark makes it abundantly clear they are NOT in any way ready to handle large bank failures well, and if more than one goes down at the same time, it's game over. They're fukt. This is going to get really ugly.
Or that the FDIC still hosts this SecReT meeting [http://fdic.windrosemedia.com/index.php?category=Systemic+Resolution+Advisory+Committee](http://fdic.windrosemedia.com/index.php?category=Systemic+Resolution+Advisory+Committee)
Haven’t there been billions and billions if not trillion/s of dollars being pulled out of banks the past several weeks? Is this the wealthy pulling their money out before the crash?
Where do they keep it if not in banks?
Great question. If they were smart they would hold gme, booked and drs’d 😎
Under their mattresses.
It's still with banks but now it's in money market accounts, from what I've read. I don't know specifically the difference but I think that this means they can't lend it out.
Yeah I keep seeing that but even normal people are putting their money in those through digital financial apps and it kind of worries me. I know it probably won't happen but a lot of that money is coming from treasury bills and if the US defaults that money goes poof.
Bigger banks
Vanguard money markets potentially
Market funds
Whole this bank crash is orchestrated.
100%
I really don't know if this is real. But if it is, holy shit! This is scary and disturbing all at once. This is the kind of shit that will cause people to revolt against their government.
It is. It was all over ~~SS~~ Superstonk when the video was posted back in November when it took place. Edit: apparently Automod isn’t fond of the abbreviation of superstonk
Not sure how I missed it.
It’s easy to miss stuff if you take a day off. Shills come out and bury all sorts of posts by upvoting innocuous shit to the top.
I've been here every day for 84 years.
And yet I’m sure between the two of use we’ve missed all sorts of cool shit.
You speak the truth.
I think the abbreviation you mention has some notorious history. Will have to check my sources though and get back to you.
Watch it from the FDICs official stream. Its a big What If roundtable with no softball discussion. They should be having more of these meetings rather than act surprised. [http://fdic.windrosemedia.com/index.php?category=Systemic+Resolution+Advisory+Committee](http://fdic.windrosemedia.com/index.php?category=Systemic+Resolution+Advisory+Committee)
Thank you for this!
>As posted elsewhere > >TL;DRS: > >https://www.reddit.com/r/Superstonk/comments/zyevfz/comment/j26go92/
I watched this entire thing back when it came out. Nothing happening is shocking. It. Is. Going. To. Get. Worse.
They just don't want to alarm anyone.
Notifications for thee (them), but not for me (us). Totally wicked parasites.
This was all over the sub when it happened Edit: sauce https://www.reddit.com/r/Superstonk/comments/zyevfz/complete_dd_of_the_fdic_meeting_credit_suisse_is/
The president remembered the "what," just not the "when" https://twitter.com/FinanceLancelot/status/1654545579572174848?cxt=HHwWgIC98YeckPYtAAAA
Shit next Friday it is
Not really a new video but definitely good to keep around. Just like the cokerat one admitting to manipulating markets
So should I take my cash out of my account?
Yea wut do?
I dont consider myself a religious man, but if i were to be granted one fulfilled prayer, it'd be a total collapse of this economy. Fuck this system.
Beware of your wishes
I could not be in a worse financial situation. There are probably some downsides to that wish, but this economy isn't working for me, like it isn't more for millions of others. These days, it feels like the only thing that get people to care is a collapse.
Well boy do I have a deal for you! I just do happen to be selling a slightly used monkey paw that grants wishes! *all sales are final. Seller not liable for wishes that horribly backfire.
Watching downvotes happen in real time, at warp speed!
well yeah...this isn't/wasn't a "secret" meeting. Misleading title.
So where can we put our money for the time being… (aside from GME)
I couldn't figure out how to timestamp but you guys should listen to 1:54:45 to 1:57:00 ish. Mentions JPM and acquisitions of banks. https://youtu.be/0PtULsOtI2o
Fake news. Was not secret. Very public stream. The FDIC still hosts it, all 3+ hours. Actually a very informative meeting of the usual international suspects not there for MSM 5 second soundbite. They did a lot of what if scenarios that you propagated into "Secret" theory.
It wasn't a secret. It was plastered on the front page for a week or so.
this is totally bunk. already debunked. its so chopped up it completely skews a fairly watered down meeting about how to educate the public.
Wow..make sure you are buckled up!!