A new report says that First Republic executives sold millions of shares before the crash last weekend. ABC News’ Lindsay Watts has more on the lifeline now being offered to the struggling bank.
Original source (ABC/Youtube)
A new report says that First Republic executives sold millions of shares before the crash last weekend. ABC News’ Lindsay Watts has more on the lifeline now being offered to the struggling bank.
Original source (ABC/Youtube)
I thought if you sold stock just before a crash like this, it can be considered inside trading (or is that just for the stock market itself). If this is a criminal offense, why are they not going to jail?
Ms. B. Churchill
And yet, banking executives will still get their big bonuses and obscene golden parachutes.
Banks rescuing one another? How long will that last?
Usually banks fail when Cons/Republicans removed bank regulators like during Great Depression, Great Recession & Rump to small banks. Kevin & Congress CONs will NOT bring back regulators to small banks
Still no news on The Biden Family receiving millions from the Communist Chinese? Don't feel bad, the rest of the Democratic controlled media won't touch it either because it will show they're protecting and running interference for The Biden Family Syndicate and their influence peddling.
Banks aren't even required to keep all of our cash in a bank I think that's why they will all fail
I think Ted Cruz just need to watch youtube to know what happened 😂
It's not the CEOs as much as it's the bureaucratic policies that hamstring the balls of the banks from properly lending and issuing loans.
Another one
You know what would have been cool?
If those Banks just cancelled everyone's debt
She's lying
Take your money out as soon as possible… don't trust the Government….
Banks: here, take this money that we borrowed and bail yourself out
Man I might go back to putting cash under my mattress again
Where is all the money? Who spent all the money? Cach the man who got the money. Make him pay😢
Peoples money , government and CEOS miss managing, that make sense, You do not give your money to fools
If the bank fails, the government owns it if the bank has to be "bailed" out and sold. That's the way this should be. This is ridiculous.
For the average person it's better just to keep using your bank with your money still in there but those banks are mostly startups and tech businesses no? Only real lose is on the rich and the tank on the resources pulled to cover the FDIC via banker fees. Meh. Not that bad. Just don't panic.
Testimony said that our banking system was sound With a 300 billion dollar bailout The American people is so Tired of hearing lies Our banking system is being run by bunch of Con artists
What about bank of the west?
It is foolish for anyone to withdraw insured deposits. No one has ever lost FDIC insured deposits. Withdrawing these deposits just adds to the problem. I have some money in First Republic. I am not worried at all. I hope FR gets through this, because they are a quality bank, but if they don’t, my account will be safe.
Federal Reserve pumping 2 trillion into Banking system to ease Liquidity
Let's hope that's the end of capitalism
Just do something that will earn you money while you sleep, no matter how little. The pandemic is the perfect way to open your eyes to really see what life could be like without your usual income stream and everyone had to stay at home. Well I never felt it because I invested in a trading company where I earn 4 digits per week. The best thing you can do for yourself is invest more and spend less.
Until these bank executives are held liable and sent to prison for a long time, this will keep happening.
Biden fixed it all🤣🤣🤣🤣🤣
Last time people panicked, we closed down the economy for a year. Stop panicking people. Your money is insured.
But some how this doesn't affect the rich 😮
Banks have done me dirty. Credit unions are the right answer