Second Bank Failure of 2024 – this time in Oklahoma.
— kristen shaughnessy (@kshaughnessy2) October 19, 2024
An estimated $43 Million hit to the FDIC's Deposit Insurance Fund
The news quietly released on a Friday Night! (hoping no one notices)
"…The preliminary cost of the bank’s failure to the FDIC’s Deposit Insurance Fund… pic.twitter.com/gPkUig1NNg
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It’s normal for a few banks to fail each year in the US. However during a depression or financial crisis the number grows significantly. Around 500 banks failed as a result of the 2008 Financial Crisis from 2008 to 2015. In contrast, 9000 banks failed as a result of the Great Depression from 1930 to 1933 according to Pew Research.
So is it time to panic? Not yet. But the national debt, inflation, and the deep state are a concern. Trump can turn it around as long as he deals with the agent provocateurs first. There will be pain but with hope, prayer, and unity can can see it through.
So vote Trump and see what happens.
Why not try something different? Why not refuse to participate in a corrupt system? The choice is not just Donald or Kamala. The third choice is neither.
While I agree with the sentiment in principle, real life works differently. Ideally, they would hold an election and We the People would all simply refuse to show up to vote. That would scare the crap out of TPTB….however, we have no 3rd choice…”neither” is not on the ballot and you can be sure someone will be installed…better to choose the best available choice for whatever that is worth….
Yeah…they seem to always announce these late on a Friday hoping nobody will notice.
It’s a drop in the bucket compared to what’s coming. Real soon.