Uninsured 5B lifeline from WF and others to stabilize FRB. They dropped 45% today, S&P ratings cut.
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They are laughing at all of you right now.....your 401K's are shrinking as I type, and they are laughing at you!
Chuckles is having a belly laugh right now!
Even banks that need a bailout don’t want to deal with Wells Fargo!
I wonder if any of the 9bill shelf offering proceeds went to FRC
No worries, we will still get the FDIC insured $250K of the $5B. Fine by me - said Charlie
The 1st Republic uninsured are elites. That is all that counts.
It's not shocking that those in the ivory tower think that they can control how people respond to their actions. They consistently do stupid things and think people will "but it". It won't end well.
Uninsured yet the FDIC said they'd back all cash deposits
Don't worry, Uncle Jerome and the Fed will just print more.
It's monopoly money. No biggie