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submitted 8 months ago by yogthos@lemmy.ml to c/us_news@lemmygrad.ml
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[-] Shrike502@lemmygrad.ml 5 points 8 months ago
[-] JohnBrownsBussy2@hexbear.net 10 points 8 months ago* (last edited 8 months ago)

Either the banking crisis that's been predicted over the past year due to high interest rates and bad debt, or perhaps there's more that will come out about how JPMorgan Chase directly facilitated Jeffery Epstein's operation in the Virgin Islands.

[-] Shrike502@lemmygrad.ml 5 points 8 months ago
[-] ComradePupIvy@lemmygrad.ml 4 points 8 months ago

Both? Can we have Both... I feel like we are going to get both...

[-] yogthos@lemmy.ml 8 points 8 months ago* (last edited 8 months ago)

They have a lot of insider info we don't have access to. However, there are a lot of publicly available indicators pointing to a looming crisis. For example, bad property debt exceeds reserves at largest US banks and this might lead to a similar crash that we saw in 2008 due to subprime mortgage delinquencies. https://archive.ph/snNkw

[-] luchuan@lemmygrad.ml 6 points 8 months ago

It's part of a 10b5-1. Was it premeditated months in advance? Do they just need a quarterly hit of cash to make payments on their yachts? Who is to say?

[-] Shrike502@lemmygrad.ml 3 points 8 months ago
this post was submitted on 27 Feb 2024
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