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interests / alt.politics / Consumers Shift Quickly To Mega-Banks

Consumers Shift Quickly To Mega-Banks

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by: 28B.A864 - Thu, 16 Mar 2023 04:02 UTC

https://www.dailymail.co.uk/news/article-11864623/Goliath-winning-Banking-giants-clean-customers-flee-small-lenders-SVB-crisis.html

Bank of America rakes in $15 BILLION as panicked customers ditch
smaller lenders for 'too big to fail' firms in wake of SVB crisis -
with 'goliaths' like JP Morgan also 'winning', analysts say

.. . .

Which DOES make us ask if this "banking crisis" was ARRANGED
by the Big Banks ..............

In any case, consumers WILL continue to see the Big Banks
as far "safer". They are not entirely wrong either. Face
the facts, govts will just NOT let the biggest banks fail -
can't be allowed. Umpteen million, from average Joes to
the biggest corps, would be in the streets looking for
blood - oiling-up the guillotines - if you can't get your
money back revenge is the next best thing. Human nature.

Oh, but ONE "big bank" to avoid - Credit Suisse ... it's
slated as the next to GO DOWN. Its govt suspended trading
today when its shares slid down 20+ percent in just a
couple of hours. CS has been shakey for YEARS however,
mis-management and corruption have dragged it down from
its formerly godlike status. However, there's a LOT of
money still in CS and its failure would send tsunami
waves across the fiscal world, esp the EU, exactly
when they can't tolerate such shit.

Subject	Author
Consumers Shift Quickly To Mega-Banks	28B.A864