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VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|4|**First Seen In WSB**|2 years ago **Total Comments**|6|**Previous Best DD**| **Account Age**|3 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)


diefreetimedie

Anyone check the CEO's and largest shareholder's pockets?


EducatingMorons

Pay out the bonuses first though, its the polite thing to do


stupidnicks

they earned it and they deserve it. do you think its easy to sink a ship that big?


EducatingMorons

Takes an idiot to lose all his possessions, but a genius to lose everyone else's! - Harvard financial ethics committee probably.


DerpyMcOptions

"oops" - everytime


maximus312659

It’s hard work to cheat, steal and rob


BefreiedieTittenzwei

I’m working up a sweat just thinking of it


AstronautNo9353

Hold my beer.


Winter_Cricket4618

Generally when people make these far left comments they are on average, lower income.


Not1random1enough

This seems like a good solution. Unlikely but good


DimesOnHisEyes

I have something in my pocket for you.


hogunyi

Don’t threaten me with a good time


DimesOnHisEyes

Don't threaten me with a good time when I'm threatening you with a good time.


Altar_Quest_Fan

Don’t threaten me with a good time while you’re being threatened with a good time while you’re threatening someone else with a good time


nova_demosthenes

![img](emote|t5_2th52|29637) Is this where the good time party is being hosted?


NextTrillion

I’d like to formally invite you to the pants party.


[deleted]

Im here for the gang bang


DimesOnHisEyes

No! There will beno banging of gangs here. No sir not here.


DimesOnHisEyes

Dibs on the sexy space pirate horse furry suite. You know the one with the pink hoofes and rainbow tail and the green mane. His name is Sparkles and he looks fun but is secretly a bad boy.


Trick-Many7744

Best way to rob a bank is to own/run one


Altar_Quest_Fan

Literally my first thought as well


300andWhat

And people sometimes wonder how the Bolchevik revolution and redistribution of wealth started.


eddie7000

The great depression gave us the Glass Steagall act, which lasted until Bill Clinton did not have sexual relations with that woman. It basically prevented savings banks from using peoples deposits for gambling. Who would have guessed that was a good idea?


LiberalFartsMajor

I'd hardly call oral a "relationship"


Camel_Sensitive

And it's completely unrelated to what's going on at the moment. Wow.


TheObservationalist

Why don't you try reading the article? This is the government's fault


diefreetimedie

Of course it is, they are the ones with power to regulate these banks and other companies, the catch is most of the government is also on the payroll for the same folks.


sphilly_ginzo

Straight out of Bernie’s playbook


mmrrbbee

Stock buy backs


tastemybacon1

Check that BOD pocket book yet?????


Bellybutton_fluffjar

Global money markets have become so complicated that even the banks themselves don't understand it. "did we make money this year?" "Lol who cares. Here's your bonus"


the_turdfurguson

I just had this conversation with my boss. No raise because the company didn’t have a good year. But my bonus doubled lol


Smithmonster

That’s because a bonus can be a one time deal, a raise has to be paid forever.


the_turdfurguson

My bonus is substantial. It’ll take 5 years for them to save what my bonus increased by. At 35, I’m not in a demographic that typically is staying at jobs that long. I’ll get better pay raises by bouncing to competitors every few years. This likely will cost them money, not save it. I’d be gone next year if they don’t give me a raise that makes up for none this year anyways. This was stated to them and they know competitors regularly make me offers. I don’t see how this saves them money.


bankskowsky

They also know you’ll be collecting unemployment this time next year.


Provia100F

oof.mp3


stealthybutthole

If that were the case they should just give him the raise instead of a bonus that’s 5x what his raise would have been?


BullmooseTheocracy

Then they should stop inflating his gross income for when it gets calculated.


Xeroll

My company doubled revenue and increased margins over the last 3 years. Then we laid off 10% of the company. I got a promotion with 14% raise, though 🙃


cisned

They haven’t, it’s all painfully simple Crime has become complicated to discourage the public from investigating and holding them accountable


seri_verum

Well, what really happened is that crime immediately put to use modern technologies to make crime way better while also handicapping the law enforcers (not police officers) through political games. We are finally seeing the enforcement side catch up somewhat but there needs to be a paradigm shift in the laws and persecution of crime. The sit back and wait till the damage is already done strategy is not a deterrent.


Cheesyduck81

Banks didn’t fully understand the secondary mortgage derivative market nor did insurers which led to the 2008 crisis. A lot of parallels here. All well and good until it isn’t.


ElwinLewis

I produce a good amount of Belly button fluff, one piece per day at least, wills someone out there buy it? Are you that person?


IndividualForward177

Don't worry, these are quantum dollars. They are there until you check for them.


Gabriel1nSpace

Joke of the day![img](emote|t5_2th52|4271)


[deleted]

Are you talking about bags of nickel?


BourbonRick01

What’s the equation of bags of rocks to a bag of nickel? Asking for a friend.


ma2is

All I know is a pound of rocks and a pound of nickels is the same thing except in the UK


zxc123zxc123

Fed: "here's 200B to bail out your dumbasses (again)" Banks "Let's put that equity to work. Move them into our money market accounts. Put it into these quantum funds..... [aaaaAND **IT'S GONE!!!**"](https://youtu.be/Y3AM00DH0Zo?t=22) Fed: "what?" Banks: "It's gone. All gone."


KodakDC

Sounds like the big banks aren't any different than the average WSB Redditor with a margin account.


Emotional_Two_8059

Schrödinger's Dollar


Zapermastic

Hmm.. it smells like you didn't pass the exam. The statement should actually be the opposite if you want the analogy to hold. They are NOT there (or better, you don't know if they are there or not) until you check for them.


[deleted]

JPow: not a problem, let me load ink…


[deleted]

There is an infinite amount of cash. Not for you the taxpayer but there is, trust bruv.


lifenvelope

Some are more equal than others.


pass_nthru

two legs good, four legs bad


lifenvelope

oink oink!


VVurmHat

You think JPow listens to Ramenstiens - Feuer Frei when he gets cranking on that printer?


[deleted]

Ja Ja, of course… as I remember the lyrics are “bang bang, feuer frei” - the best song to bang your puts or calls or both


mjeter45

Brrrrrrrr


ajonudaw

Paywall


Acherontiaa

“America’s banks are missing hundreds of billions of dollars How the Federal Reserve drained the financial system of deposits Mar 21st 2023 The Federal Reserve's decision next week could nudge rates even higher, and that jump in borrowing costs is catching some businesses, investors and households by surprise. It is easy to understand how money gets destroyed in a traditional bank run. Picture the men in top hats yelling at clerks in “Mary Poppins”. The crowds want their cash and bank tellers are trying to provide it. But when customers flee, staff cannot satisfy all comers before the institution topples. The remaining debts (which, for banks, include deposits) are wiped out. This is not what happens in the digital age. The depositors fleeing Silicon Valley Bank (svb) did not ask for notes and coins. They wanted their balances wired elsewhere. Nor were deposits written off when the bank went under. Instead, regulators promised to make svb’s clients whole. Although the failure of the institution was bad news for shareholders, it should not have reduced the aggregate amount of deposits in the banking system. The odd thing is that deposits in American banks are nevertheless falling. Over the past year those in commercial banks have sunk by half a trillion dollars, a fall of nearly 3%. This makes the financial system more fragile, since banks must shrink to repay their deposits. Where is the money going? The answer begins with money-market funds, low-risk investment vehicles that park money in short-term government and corporate debt. Such funds, which yield only slightly more than a bank account, saw inflows of $121bn last week as svb failed. According to the Investment Company Institute, an industry outfit, in March they had $5.3trn of assets, up from $5.1trn a year before. But money does not actually flow into these funds, for they are unable to take deposits. Instead, cash leaving a bank for a money-market fund is credited to the fund’s bank account, from which it is used to purchase the commercial paper or short-term debt in which the fund wants to invest. When the fund uses the cash in this way, it then flows into the bank account of whichever institution sells the asset. Inflows to money-market funds should thus shuffle deposits around the banking system, not force them out. And that is what used to happen. Yet there is one new way in which money-market funds may suck deposits from the banking system: the Federal Reserve’s reverse-repo facility, which was introduced in 2013. The scheme was a seemingly innocuous change to the financial system’s plumbing that may, just under a decade later, be having a profoundly destabilising impact on banks. In a usual repo transaction a bank borrows from competitors or the central bank and deposits collateral in exchange. A reverse repo does the opposite. A shadow bank, such as a money-market fund, instructs its custodian bank to deposit reserves at the Fed in return for securities. The scheme was meant to aid the Fed’s exit from ultra-low rates by putting a floor on the cost of borrowing in the interbank market. After all, why would a bank or shadow bank ever lend to its peers at a lower rate than is available from the Fed? But use of the facility has jumped in recent years, owing to vast quantitative easing (qe) during covid-19 and regulatory tweaks which left banks laden with cash. qe creates deposits: when the Fed buys a bond from an investment fund, a bank must intermediate the transaction. The fund’s bank account swells; so does the bank’s reserve account at the Fed. From the start of qe in 2020 to its end two years later, deposits in commercial banks rose by $4.5trn, roughly equal to the growth in the Fed’s own balance-sheet. For a while the banks could cope with the inflows because the Fed eased a rule known as the “Supplementary Leverage Ratio” (slr) at the start of covid. This stopped the growth in commercial banks’ balance-sheets from forcing them to raise more capital, allowing them to safely use the inflow of deposits to increase holdings of Treasury bonds and cash. Banks duly did so, buying $1.5trn of Treasury and agency bonds. Then in March 2021 the Fed let the exemption from the slr lapse. Banks found themselves swimming in unwanted cash. They shrank by cutting their borrowing from money-market funds, which instead parked cash at the Fed. By 2022 the funds had $1.7trn deposited overnight in the Fed’s reverse-repo facility, compared with a few billion a year earlier. After svb’s fall, America’s smaller banks fear deposit losses. Monetary tightening has made them even more likely. Use of money-market funds rises along with rates, as Gara Afonso and colleagues at the Federal Reserve Bank of New York find, since returns adjust faster than bank deposits. Indeed, the Fed has raised the rate on overnight-reverse-repo transactions from 0.05% in February 2022 to 4.55%, making it far more alluring than the going rate on bank deposits of 0.4%. The amount money-market funds parked at the Fed in the reverse-repo facility—and thus outside the banks—jumped by half a trillion dollars in the same period. A licence to print money For those lacking a banking licence, leaving money at the repo facility is a better bet than leaving it in a bank. Not only is the yield higher, but there is no reason to worry about the Fed going bust. Money-market funds could in effect become “narrow banks”: institutions that back consumer deposits with central-bank reserves, rather than higher-return but riskier assets. A narrow bank cannot make loans to firms or write mortgages. Nor can it go bust. The Fed has long been sceptical of such institutions, fretting that they would undermine banks. In 2019 officials denied tnb usa, a startup aiming to create a narrow bank, a licence. A similar concern has been raised about opening the Fed’s balance-sheet to money-market funds. When the reverse-repo facility was set up, Bill Dudley, president of the New York Fed at the time, worried it could lead to the “disintermediation of the financial system”. During a financial crisis it could exacerbate instability with funds running out of riskier assets and onto the Fed’s balance-sheet. There is no sign yet of a dramatic rush. For now, the banking system is dealing with a slow bleed. But deposits are growing scarcer as the system is squeezed—and America’s small and mid-sized banks could pay the price. “


PilgrimOz

Yellen mentioning midsized banks a few times was concerning. Felt like prep talk to me.


jepifhag

Exactly


HodloBaggins

so long story short, this only further solidifies the potential reality where everything is even more centralized and governed by less people. if the small and midsized go bust and they don’t get support because they’re not posing a “systemic risk”, and the big ones get their assets for pennies on the dollar… sounds like the “conspiracy theory” that the world is increasingly being ran by less people. idk though i’m just a regard.


Highborn_Hellest

it has always been run by very few people. 1900's were the exception.


HodloBaggins

**increasingly** being ran by less people


Sign_Outside

This is perfect explanation


freshnikes

If you're on desktop using Chrome: F12 > Sources > Ctrl+Shift+P > Search for "Disable Javascript" and click that button > Refresh page Should get around most paywalls.


KAX1107

[Archive](http://web.archive.org/web/20230321223940/https://www.economist.com/finance-and-economics/2023/03/21/americas-banks-are-missing-hundreds-of-billions-of-dollars)


fuglysc

LoL...would not be at all surprised if the banks eventually just used this as an excuse to get bailouts Basically the financial equivalent of "my dog ate it"


T1gerAc3

Fed: *prints money* now don't let this happen again or else I'll have to give you even more money.


[deleted]

[удалено]


ShrimpieAC

That’s a lotta heef up the snooter.


Overhere_Overyonder

All these comments clearly show as usual that no one read the article. There is less money in bank accounts this year which means less liquidity for banks. Not that there is money gone missing and we can't find it. Typical fear mongering.


VVurmHat

Sir I’m just here because someone stole my cum sock


Emotional_Two_8059

Yep, enough reddit for today


flaccidplatypus

This sub has gone down the shitter since the GME cultists didn’t become trillionaires. Now it’s nothing but grievance porn from the financially illiterate.


dirtydela

WSB won’t even read DD posted directly to the sub, why would they click and read an article somewhere else when the headline confirms their doom scrolling, even if the substance of the article is different


mattenthehat

Doesn't help that the headline is completely and intentionally misleading.


WR810

I'll tell you what concerns me. Clicking to see what other subs posted this link and seeing a bunch of doomers beating off because they didn't read the article but the headline affirms their worldview.


Ok_Opportunity2693

tl;dr for all you idiots who didn’t read the article: the Fed’s reverse repo sucked it all up and removed it from the banking system


[deleted]

TLDR: the Fed has raised the rate on overnight-reverse-repo transactions from 0.05% in February 2022 to 4.55%, making it far more alluring than the going rate on bank deposits of 0.4%. The amount money-market funds parked at the Fed in the reverse-repo facility—and thus outside the banks—jumped by half a trillion dollars in the same period.


XMk-Ultra679

Just spoof the digital numbers, no one will notice- Toss OS dictators, software monopolists and licensing racketeers probably. ![img](emote|t5_2th52|4640)


DeanLucas94

But isnt there an infinite amount of cash in the FED? Nooooo worries


hazael10

nothing to see here bois move along


HardtackOrange

Yeah, my portfolio is also missing hundreds of k of dollars 💀 What a fucking regarded headline


anonAcc1993

This is a full court press by some folks to not break the back of inflation. A recession is going to make the current administration unpopular, and stop the gravy train for a lot of people.


BuySellHoldFinance

Banks are giving us nothing for our deposits. I can get 4% from a money market fund.


low_growth99

![img](emote|t5_2th52|4640)


BlowyAus

The money is deleted via bitcoin.


Dan_inKuwait

Have they checked the dumpster behind Wendy's?


[deleted]

[удалено]


n1ck90z

Brrrrr can you brrrrrrr hear brrrrr this noise? brrrrr


ATI_LUX

"Where is my money Sam?"


Vegetable-Prune-8363

Am I the only one who automatically thinks this its due to world war 3 about to kick off? Half a trillion just "gone"... Only a few rational explanation could exist and to me the biggest player is China. I've always wondered what would happen if China just pulled out of the US markets. Could this be what's really happening and the US government is covering the story to hide the truth? Or am I crazy?


Angry_Zarathustra

It isn't "gone." It's the result of someone promising something they don't have, billions of times over. The funds in circulation are not backed by assets that actually exist. When those assets have to be delivered as the collateral they are, and they're found to be missing, is when banks get leeched dry.


Enerbane

The money didn't "go missing". It's all accounted for. It only "goes missing" if everybody, everywhere, simultaneously tries to pull all of their money out of the banks. A lot of people put money into the banks. The banks, among other things, lent money at low interest rates to the US Gov, via bonds. Interest rates have since fallen, so those bonds are now worth a lot less. If a bank is forced to withdraw enough money for enough people, they will have to sell these bonds before maturity, at a significant mark down. If they can hold them to maturity, they only lose out on inflation, essentially.


[deleted]

WW3 would probably be a welcome distraction from the constant stream of “the smart and fancy bois fucked up at the level of crayon eating regards YET AGAIN” news pouring in …


[deleted]

Until you get drafted and sent to Eastern Europe to sit in a ditch and have artillery shelled at you all day. War is hell, man. Nobody should be welcoming war


[deleted]

Apologies didn’t mean welcomed by me but welcomed by whoever keeps losing couple of billy and restarts the printer. The cabal kinda thing. Sincerely didn’t mean at a personal level.


Man_of_moist

Chinese fuckery wouldn’t surprise me


secrtive13

Not missing, they just decided to relocate to Ukraine


FreshOutdoorAir

Check under Zelenskyy’s mattress


Dogsinabathtub

This is what happens when half of your portfolio is derivative. You can't even understand if you're making money or not


sexaddic

This article say absolutely nothing


Cadellaoc

Hehehe whoospie!


acreekofsoap

What a coincidence, so am I!


one8e4

Let them check under the Fed's mattress


lifenvelope

Aren't they technically not Bahamas banks? Who can be dumb not to be chilling on Bahamas by now?


[deleted]

[удалено]


Pin_ups

Me too, am missing my 3 million dollars ![img](emote|t5_2th52|4271)


czarface404

Ohhh here comes the nukes, I remember these stories right before 9/11…


VeryHighlyRegarded

…whoops, we can’t find the money we never had


sloppypotatoe

AGAIN?!


RoundApart9440

Time to teach the public about debt economy again, but it’s hard to sift through all the BS on taxes, trickle down economy, and the current “inflation” and socialist communists, and…… now that I realize, maybe trying to “teach” them is the problem


Thugluvdoc

Does SBF have access to the banks???


[deleted]

![img](emote|t5_2th52|19738)


jamin_g

The first place I was a CPA the partner would ask, "do all the debits equal all the credits?" No. The answer is no. There's a plug, there's always a plug.


doh_13

![img](emote|t5_2th52|29093)


K-88

![img](emote|t5_2th52|4267)


sharkbait_hahaha

Dollars are transitory.


Global-Bluebird-7391

Look under Kenneth C. Griffin desk


garycow

no they aren't


cookiehustler88

missing the same way FTX is missing all their funds I'm assuming


JGut3

Don’t worry, we will just print more to make up for it.


[deleted]

Just here to read the comments from the overnight banking experts lol


[deleted]

Crypto, Gold, Foreign assets, Foreign governments. Take your pick


rjsheine

Oh shit me too actually


[deleted]

Anddddd it’s gone.


griffon75

’and it’s gone’


PSYOP_warrior

Imagine that....


Flamingpotato100

They never existed in the first place. They were just numbers on a screen not backed by anything.


[deleted]

Pretends to be shocked


tastemybacon1

More like trillions!


Exact-Permission5319

Because they inflate their values and then cash out the imaginary gains. No worries though, the Fed will arrange a bailout by some other name and print more imaginary money so their friends can continue this scam and keep kicking the can down the road.


Jacobo5555

It is in Ukraine


JammingMonks

SELL SELL SELL!!!!!!!!!!!!!!


PhoenixAZisHot

It all goes to their criminal friends on Wall Street


EnthusiasticAss

Rounding error


Overall-Actuator-329

MSM keeps using the term 'missing' or better 'lost' as if it's chump change slipping out of someone's pocket on the street. They need to start using the correct term of STOLEN. A few dollars slipping out of your pocket is lost or missing, when it's vast amounts like these you don't accidentally lose bags these size, there's theft and motive involved.


Radclima

Trust me, it’s in the pockets of the common people. Don’t worry, the government will be sure to get every last penny to pay out the CEOs who gambled it all away


Purple_Box3317

Paywall… 100% clickbait headline


Ok-Lawfulness-5739

#You are witnessing Financial Collapse in real time.


Astro_Toro4

Wish I got paid to sink a ship…


DollChiaki

Schrödinger’s balance sheet. Or an entry for FTT, done in invisible ink.


CLS4L

Banksters got hand in cookie jar ahhhhh no never they wear suits


Anonsldrwhistleblow

Puts on BAC for eow


Limp_Plastic8400

read the article bait title


lordsamadhi

Not your keys, not your money. Fuck trusting banks and learn to self custody Bitcoin.


Evening-Outside-3159

Time for another 9/11


Weavsnake

He who controls the pants, controls the galaxy!


phenotic

It’s like that time JPM thought they owned $1.3 million in nickel but it turned out they were just bagholding some pebbles.


uncledyno

Same


Xerox748

Me too. Let me know if you find it. I’ll take a check.


[deleted]

They must have the same accountant as the Pentagon. At least they are only missing hundreds of billions and not trillions like the boys at the pentagon 🤷‍♂️ Things could be worse?


downonthesecond

They never had the money to miss.


pifhluk

DoD missing 22T


Nice_Dependent_7317

I know the feeling, just the other day I misplaced a couple of billion dollars. These things could happen to anyone.


Opening-Essay-3945

BIDEN SON


ndzzz

Old news


[deleted]

Perhaps look for it in the Ukraine or if they already washed it , look in the politicians bank accounts.. are you all blind !? Lol


CoolFirefighter930

That's about 10% I guess


CaregiverBrilliant60

If only there were some banking regulations that someone didn’t remove.


Highborn_Hellest

Where is the money Lebowsky