That's what I'm wondering............At what %'age exposure to CRE does it create a threat to banks, especially the smaller regional banks?
Don't know about bush. He seemed to do more to protect his banking/defense bud's than the depositors. I regard the bush family exactly the same as the bidens.........criminal organizations.
Remember BlackRock is playing with other people's money....
www.investingsimple.com
investor.vanguard.com
Ask the guy who made a fortune off shorting the housing market back in the late 00's. A movie was made about it.
The CRE situation is low on my priorities list. A continuous supply of potable water is #1.
For me it's not so much the CRE, but rather the problems that it creates for depositors and the taxpayer. It's the same old story that has played out for decades.......create the crisis, then allow the big banks to eliminate the competition by buying up their assets at fire sale prices. Ultimately, the taxpayer pays the piper, or in the case of too big to fail, a bail-in serves as the last resort. Big banks win in the end no matter what. This has been shown for centuries to be true.
Thanks for that website jrhtx. Lots of good things there...............
The problem here is false reporting by the banks that is being covered up by the very Government agencies that are supposed to "regulate" the industry. Historically (Wells Fargo) when the Government levies fines against financial institutions the money from those fines go to the United States Government and not to the very individuals who suffered the losses. Yes, the FDIC pays for losses .... The FDIC is also Government. A Government spending tax payer money to keep a system afloat.
:max_bytes(150000):strip_icc()/texas-ratio-4187987-final-1-61df04539ba5400981b885bb9cb7b466.png)
That is an excellent website............Gave me exactly what I needed. Thank you.
There was an interview with the chief prick at bank of amigo. What you are saying is exactly what that asshole is openly boasting about. According to him, they want to use the cbdc to reduce the cost of having to deal with checks, and coinage/dollars. He really is an evil, arrogant bastard that has no problem with enslaving you.
I wish I could live on just the return on our investments, but what we have done is slowly wean ourselves off spending the principle investments by looking at other ways to passively support ourselves. We looked long down the road. We were fortunate enough to see the possibility of bad times coming. We bit the bullet and saved instead of buying things on a whim. We paid off bills and invested in real estate, gold, silver, guns and bullets when it wasn't cool. So now, we have the ability to jump on deals when we run across them. Also, I have a rule that seems to work well. That is, don't spend money recklessly. However, with the value of the dollar crashing, it sometimes is a good idea to spend money on things you know you will need while the dollar is still worth more than it will be in a year or two. Also, my wife worked and retired from the state. She sometimes had offers for better jobs, but now she has a good retirement with fully paid insurance for her, and it also pays half of mine. We own two productive farms that are paid for, and we live on one of them. We drive late model vehicles that are paid for. If I can't write a check for it, then I need to really evaluate whether or not I really need it, and can I make this purchase pay for itself in the long run. Even during hard times, I look for ways to come out ahead.
^^^^^^This guy gets it^^^^^^^^^, If you have empty mags laying around, you will be late for the party!!!!
