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out2seeagain t1_jdbl2ww wrote

2023, I no longer trust anything or anyone.

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brosako OP t1_jdblpag wrote

Especially with AI text possibilities and face replacement, we are gonna have a surreal world soon.

Not even sure Fed is real 🤣

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OG_CA t1_jdbna80 wrote

Bro ai porn with an adjustable pocket pussy that perfectly creates the shape of pornstars pussy, kids are fucked

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brosako OP t1_jdbnd8e wrote

Need that for dogs, all toys are raped

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OG_CA t1_jdbnklt wrote

😂😂😂😂😂

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brosako OP t1_jdbl7f6 wrote

Fintel price target is at 147$

Is it real? lol

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Lucy-pathfinder t1_jdbldtd wrote

No way in fuck that bank is going up to 147$ in the coming months. Maybe after the recession.

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brosako OP t1_jdblhzs wrote

Ya, same here… But even after bank run these dudes have 100B$ in deposits, doesn’t seem people cash out anymore…

I’m kind of confused, should I buy it or naah

Super cheap

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VisualMod t1_jdbknqp wrote

User Report
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Total Comments 1 Previous Best DD
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lschoch2 t1_jdbmfup wrote

Could be a good pump dump in the next few days. If they don’t fail it’s a great price. Kinda casino play

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brosako OP t1_jdbmpr4 wrote

I mean comparing to other stonks, FRC has real customers, they are super happy.

Ok, some cashed out, but still deposits on sheet are huge. Gap is filled by Fed. I can not see how these guys are going out of business…

Something similar with BAC years ago when Buffet backed them

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VisualMod t1_jdbko2n wrote

>It's a great bank, but it's not for everyone. If you're looking for a place to park your money and earn interest, this is a good option. However, if you're looking for customer service or branch access, there are better options out there.

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brosako OP t1_jdbkpo9 wrote

For example?

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accountedly t1_jdbm8h1 wrote

It has a large amount of treasury bonds paying low interest. When the mini bank run happened it was forced to borrow a few billion at higher interest rate.

The big banks deposited the bank run money back into FRC at the request of the Fed to give it four months to sort things out without having cash problems.

Everyone is on record signing on to keep this bank alive and it’s something everyone is aware of so I think they are forced to keep the bank alive to maintain bank confidence.

What will they do exactly? Unclear, maybe enough deposits will return in the best case. Maybe the government will make some AIG solution . Maybe someone will buy them with a Credit Suisse type deal.

Idk four months is a lot of time for them to figure something out.

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brosako OP t1_jdbmjv5 wrote

But what’s point to back bank and send to foreclosure? They must have problems with taking those billions later.

I just have a feelings big 4 looked into their sheets and like dude these guys haven’t done anything wrong besides placing funds in safe bonds, their customers are super attached to them, even after bank run holding 100B$ that’s still good amount. Basically they need couple years to make money back.

I just can’t see how these guys are going out of business.

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accountedly t1_jdbmq3k wrote

No as you said I don’t think they are going out of business. A lot of banks have the same issue so the government is going to have to intervene in some way most likely, they are figuring out what right now.

The time extension allows the situation to cool and deposits to return possibly plus the government can fully evaluate the situation across all banks. It’s not just this bank.

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brosako OP t1_jdbmvbv wrote

You think they may wipe out common shares?

Why they haven’t done already?

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accountedly t1_jdbn4dh wrote

They are fine to continue operations as is for a few months. After that it’s not clear. They just hired McKinsey and Lazard to explore options. Asset sales, selling the company, etc are on the table.

I bought Citi in 2008, quadrupled my money in a year.

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wallstreetbets-ModTeam t1_jdbnl6p wrote

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