Bank Stocks Plunge/Bank Run: People Lining Up To Remove Their Money, First Republic Bank, Wells Fargo, And More: SVB Execs Sold Their Stock Recently, On Twitter, Left-Bots Seek To Blame Peter ThielFor Warning People To Take Out Their Money From SVB, Named Best Bank Five Times by Forbes
Let’s open up the comments section to people who have a keen sense of what to expect going forward, sound, constructive advice for people, and anything else that comes to mind.
People lining up to pull money out of First Republic Bank in Brentwood, LA this weekend. Wealthy neighbourhood with many uninsured accounts over $250,000. The banks stock is down 33% in the last week. Is this what the start of a bank run looks like?
SVB Has Gone Under Completely — The Second Biggest Bank Failure in U.S. History @TuckerCarlson: “When customers showed up at SVB’s branch in Manhattan today to get their deposits back, managers called the police. So what we have here is a 1929-style bank run. And that’s not a… https://t.co/zugk2ejgYk
$FRC
Mike Alfred @mikealfred
BREAKING: The FDIC is already on site at First Republic Bank trying to determine the best path forward to protect depositors. Things are moving way faster than expected given the accelerating bank run that has already reached a tipping point.
BREAKING: #WellsFargo $WFC
We knew it was coming, and here it is….. The beginning of the collapse of the financial world. Schwab, Bank of America, Wells Fargo and JPMorgan falling hugely today The liquidity fairy is leaving… EYES ON, another conspiracy theory coming to truth right before your eyes
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General Flynn says: read Executive Order 14067. “Ensuring Responsible Development of Digital Assets.”
(My heart sank as soon as I saw the word “responsible.”)
“I want people to read Executive Order 14067…it went into effect December 13, 2022…there are Corporations and elements of the U.S. Government are already beta-testing Central Bank Digital Currency…” -LTG Michael Flynn (See E.O. 14067 below)
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