Yeppp another bailout today, as you can see banks can fu,*k up all they want and still get billions and bailouts. ....what a beautiful world we live in. Imagine being a bank and taking risk knowing it doesn't matter at the end.... Just a billion bucks and I'm sure they will make goobers of profits off this bailout like jp .organ did with first republic in 2023. Word is commercial real estate is next....the banks all tied to those beautiful loans but no worries, buy the bank etfs sit back and collect free money as they will all be bailed out the next 3 years or so. This will only be bullish for equities ..... NYCB shares rebound after troubled regional bank announces $1 billion capital raise PUBLISHED WED, MAR 6 2024 12:42 PM EST https://www.cnbc.com/amp/2024/03/06/new-york-community-bancorp-tumbles-40percent-and-is-halted-as-troubled-bank-reportedly-seeking-cash-infusion.html#amp_tf=From %1$s&aoh=17097632670405&referrer=https://www.google.com
The Fed will eventually roll out their 2008-9 playbook of good bank bad bank and exchange toxic loans for government paper (they did that in April 2023 with the HTM paper losses). It was known as the government hedge fund Maiden Lane I & II.
Bailout bailout bailout. Just another bailout .. -----> Downtrend Downtrend Downtrend. Just another Downtrend .. It has been on a downtrend since 20 years ago. What a long life. It might go to zero point something. ______________
%% THAT's better than 50 USa state banks printing their own notes\ as in 1929-1933. Too bad it did not work so well for Bear\ LEH\SVB LOL And AIG found out the hard way , having the gov as partner was a form of punishment , if one is used to freedom of private sector. US stock market uptrended 100 +years [occasional bear markets ]before the Fed was ever formed/good capitalism.......
The UAW got bailed out too by the Federal government at the expense of the retirees who invested in GM stock. Retirees were supposed to get some of their monies back since, the shares had some value left even though shares would eventually, be replaced after being totally wiped out. UAW got most of the shares in the new share allotment of GM and equity in the new shares issued. Retirees got like 10 cents on the dollar because their shares were given to the UAW. Nobody talks about the little guy getting abused by the Federal government. Of course, you know the UAW had the clout with the Democrats to be made whole. They also, got like $60 billion if I recall the figure correctly, from the government on top of the shares of the retirees. Everyone gets bailed out by the federal government if you have the right political connections. The bank CEOs have deep connections to Congress with both RINOs and Democrats who form the majority. That is why they got TARP very easily. Plus the billions in bonuses the banks paid their executives after the bailout from TARP monies. Congress pretended to be outraged but, did not force the banks to give the bonuses back. Ask yourself why?