{"id":3186,"date":"2023-03-12T10:06:57","date_gmt":"2023-03-12T17:06:57","guid":{"rendered":"https:\/\/jasonsblog.ddns.net\/?p=3186"},"modified":"2023-03-12T11:22:46","modified_gmt":"2023-03-12T18:22:46","slug":"fdic-intervening-with-another-bank","status":"publish","type":"post","link":"https:\/\/jasonsblog.ddns.net\/index.php\/2023\/03\/12\/fdic-intervening-with-another-bank\/","title":{"rendered":"FDIC Intervening With Another Bank"},"content":{"rendered":"\n<p>After the SVB bank collapse and it supposedly being auctioned off quickly today, we have reports that another California bank is undergoing a bank run and the FDIC is there to evaluate. Though it seems First Republic Bank had some strange dealings with people putting into savings a percentage of a real estate loan to get lower rates, so this might not mean the financial collapse is under way quite yet. But if this spreads to more banks, and depositor confidence is shaken with bank runs, the system will implode as no bank has 100% reserves except for a couple crypto banks here in Wyoming. <a rel=\"noreferrer noopener\" href=\"https:\/\/en.wikipedia.org\/wiki\/Fractional-reserve_banking\" target=\"_blank\">Fractional reserve banking<\/a> is a bubble that pops hard when confidence in the system evaporates. But we are seeing the first cracks in the system with the Great (financial) Reset inbound. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">BREAKING: The FDIC is already on site at First Republic Bank trying to determine the best path forward to protect depositors. Things are moving way faster than expected given the accelerating bank run that has already reached a tipping point.<\/p>&mdash; Mike Alfred (@mikealfred) <a href=\"https:\/\/twitter.com\/mikealfred\/status\/1634783756656492544?ref_src=twsrc%5Etfw\">March 12, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Fractional Reserve Banking Explained in One Minute\" width=\"1290\" height=\"726\" src=\"https:\/\/www.youtube.com\/embed\/-09ap6zIB6I?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>After the SVB bank collapse and it supposedly being auctioned off quickly today, we have reports that another California bank is undergoing a bank run and the FDIC is there to evaluate. Though it seems First Republic Bank had some strange dealings with people putting into savings a percentage of a real estate loan to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-3186","post","type-post","status-publish","format-standard","hentry","category-world"],"blocksy_meta":[],"featured_image_src":null,"author_info":{"display_name":"Jason","author_link":"https:\/\/jasonsblog.ddns.net\/index.php\/author\/jturning\/"},"_links":{"self":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/3186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/comments?post=3186"}],"version-history":[{"count":2,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/3186\/revisions"}],"predecessor-version":[{"id":3190,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/3186\/revisions\/3190"}],"wp:attachment":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/media?parent=3186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/categories?post=3186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/tags?post=3186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}