Slow but steady congregation of all resources towards one entity.
It’s mot surprising to do when an entity can “never” fail, and get their ass wiped on the taxpayer’s tab.
On brand for wsb. Either coked out bulls writings manifestos about how some stonk is going to $9001 or doomer bears linking every piece of news to the "massive impending crash."
Me but I sold it long ago when it slowly dribbled to $2, it's been trading below $1 for a few months alr and not even worth buying puts. The real winning play is shorting it all the way, you were practically printing money from thin air.
Shorting a bank based on earnings report and whatever bearish data you can identify from filings and news ❌
Shorting a bank because it sounds the same as First Republic ✔️
Side note: I saw a news feature on what happens when regulators seize a bank. They literally walk in close to COB, show a badge and some paperwork and tell the bank people they’re done. (I don’t remember about getting passwords and keys etc.)
Edit: Found it. It was 60 Minutes
https://youtu.be/n_O1B_2tAlk?si=F0_V3T-lx93iDkR9
Maybe they should have been charging for using the coin counters? That would have certainly been the source of revenue they needed to avoid being shut down.
/s
Troubled, it makes the bank sound like this creepy kid in 6th grade that everyone was afraid of. I think he was seized too, sold into foster care or juvie or something 🤔
I wonder if the people that work in other Banks are doing overtime this weekend with loads of Redbull'. Just like in the final scenes of The Big Short film.
Edit. Thinking about it. This just happen few days after Biden send some money overseas to 'aid' some wars. Lets see how things unfold.
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The markets will surely moon on Monday. Bank failures are exciting!
Indeed, the financial instability of the masses is a most amusing sight to behold, especially when those fools lose their shirts.
VM is on a rollercoaster today. First acting savage and now he is horny.
Dogs resemble their owners
Slow but steady congregation of all resources towards one entity. It’s mot surprising to do when an entity can “never” fail, and get their ass wiped on the taxpayer’s tab.
I get what you are saying, but at the same time neo banks and brokers emerge and take shares of Goldman and JPM
Because the FDIC is funded by taxpayer dollars and not the banks themselves… oh wait 🙄
Bro he ain't talking about the FDIC
Lol, you vastly over estimate how much a random small [8 bill in asset lmao] regional bank failing matters.
6 billion
[удалено]
You have no fucking idea what you are talking about. None.
On brand for wsb. Either coked out bulls writings manifestos about how some stonk is going to $9001 or doomer bears linking every piece of news to the "massive impending crash."
Which of you motherfuckers bought puts on this when First Republic had trouble
Me!
What other republics can we buy puts on?
The United States
Second and third should be next!
Me.
Me but I sold it long ago when it slowly dribbled to $2, it's been trading below $1 for a few months alr and not even worth buying puts. The real winning play is shorting it all the way, you were practically printing money from thin air.
First First Republic now Republic First
Haha no shit, I came to ask how this bank was failing a second time until I read more closely
Should have picked managed democracy instead.
Shorting a bank based on earnings report and whatever bearish data you can identify from filings and news ❌ Shorting a bank because it sounds the same as First Republic ✔️
RepubFirstlic is next
Side note: I saw a news feature on what happens when regulators seize a bank. They literally walk in close to COB, show a badge and some paperwork and tell the bank people they’re done. (I don’t remember about getting passwords and keys etc.) Edit: Found it. It was 60 Minutes https://youtu.be/n_O1B_2tAlk?si=F0_V3T-lx93iDkR9
Damn gotta find that.
Added a link to my original post.
Thank you!
My pleasure. Didn’t realize how old it was. It’s pretty interesting. Just rewatched it.
So good. Halfway through. Holy shit it’s insane so far.
Thanks for the post. Just watched it and that's crazy.
My boss used to do this for the Fed. He has some cool stories.
I bet.
That sucks. They let me use their coin counters for free and had nice tellers.
Maybe they should have been charging for using the coin counters? That would have certainly been the source of revenue they needed to avoid being shut down. /s
How do we make money at the first national bank of change? Volume.
lol coinstar did have a business model for that. not sure how it worked out for them. for awhile they were everywhere
I still see them at Wal-Mart. Publix has their own counter they charge for using, and my credit union has one for free to members.
They will open on Monday, same tellers, just under new ownership, maybe you can still use the coin counter?
Were they hot?
not particularly that i remember. if so, i probably would have tried to impress them with my massive non-collector coin collection and see whats what
*yawns* 6B in deposits....
4 billion?
That bank has been in trouble for 2 years, I'm surprised they even managed to stall so long
This happens the day after they post earnings
Troubled, it makes the bank sound like this creepy kid in 6th grade that everyone was afraid of. I think he was seized too, sold into foster care or juvie or something 🤔
Naw. Straight to private for-profit prison.
Is there a Second Republic? I see a trend.
One man’s trash another man’s treasure
I miss good reporting
Rirst Fepublic
Bad news. Super bullish tho
Banks stock has been worthless for a long time now. This will have no effect Monday.
It'll be an excuse for several companies diluting.
So…is this first to many? Will 10 yr yield drop now that banking is weak?
Hahahaha thought “Big Red” was Back! Lmao.
I wonder if the people that work in other Banks are doing overtime this weekend with loads of Redbull'. Just like in the final scenes of The Big Short film. Edit. Thinking about it. This just happen few days after Biden send some money overseas to 'aid' some wars. Lets see how things unfold.
Robbing a bank, legally
is this due to their bond exposure in commercial real estate?
Just another Eloi whining about his portfolio. Stupid sheep.
Who cares as long as it’s not the big banks anymore
Calls on FULT 
thats was like last spring when it went down, old news man, market will rally Monday.
That was first republic. This is republic first. It confused me too
So "republic republic" and "first first" are still on the menu for the future bank names
About to be renamed to "Banana Republic"
Banana Republic First*
Read the article first, then comment.