Another Banking Crisis Coming?

Posted on May 30, 2025 by DRenegade
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Nobody
Nobody
2 months ago

The disasters are coming so fast they’re hard to keep up with. WRSA has an article today accusing Trump of using Palantir to spy on all Americans for him. The article is wrong. The CIA and NSA have been spying on us for many years. Decades? The CIA financed Palantir during its start up. For its first five years in business, the CIA was its only customer. Then Palantir expanded and worked for the NSA also. Palantir provides the computers and resources for spying on us. And has been doing that for a long time. I watched the former head of the CIA and NSA, Ret. Gen. Micheal Hayden on C-SPAN several years ago brag that he was the guy that started the program to create algorithms for each and every one of us. Palantir helped expand the computer system the NSA had so that it could handle the volume of data. And Palantir is J.D. Vance’ sponsor. What could go wrong?

Steiner
Steiner
2 months ago

Unrealized losses are not a problem in and of themselves. They only become problematic when the bank needs $$ right now and has no other source for the cash than their ‘underwater’ assets. It is similar to owning a stock worth half what you paid for it. As long as you don’t need the $$ you don’t need to sell at a loss. Banks are in trouble because they are teetering on the edge and it is highly likely they will need to sell.

The Southern Nationalist
The Southern Nationalist
2 months ago

I find it prudent to only keep what I need to cover my bills plus a little “pad” of $300 to $500 in the bank for “just in case” a bill is more than normal and the rest in cash stored away securely should my bank collapes I won’t be without funds or wiped completely out.