Bank Failure!...and what it means to us...

No ... Nope ... I don't follow already.

what dont you follow. the banks that toppled last friday shouldve been grabbed by yellen last year while most of their assett value was high.

thats the job of the treasury department.

Lummy wrote:I have never been very good at this stuff, but how do they commit money anew that is already committed? Isn't that like double jeopardy or something?

Fractional Reserve Lending.

They take a depositor's money; and lend it out 10x or more in terms of credit at that bank.

Casey Jones wrote:

Lummy wrote:I have never been very good at this stuff, but how do they commit money anew that is already committed? Isn't that like double jeopardy or something?

Fractional Reserve Lending.

They take a depositor's money; and lend it out 10x or more in terms of credit at that bank.

...and when those loans default (as they absolutely will), the bank will defraud OUR checking and savings.

They ( the politician and whoever is running things ) was using this bank for their money laundering . The little weasel that was in charge of FTX and got caught with the Bit coin bankruptcy has a part in this scenario too . This was the private piggy bank for the "Woke" idealist and it fell apart . There is nothing wrong with Signature but the Feds needed their money to bolster up Valley in California to soften the loss and as a diversion they  closed them up on Sunday .
Another little tidbit is that Signature was run by normal non political bankers but the Feds demanded New York's infamous fag / Pedo Democrat politician be put on their board or the government would make it very hard for them to do business . Signature immediately took a left turn and went strictly "Woke" because of Barney Franks policy input .

Plausible.

I don't know the facts about Signature; but I can sure visualize it.