Economic and social terrorism by elite and Federal Reserve rewards speculators; Financial conditions are loosening at a fairly steady clip, even as the Fed prepares to hike rates to the highest level since 2001.

Darth Powell knows:

This is the result of economic and social terrorism caused by the elite/donor class and Federal Reserve.

Rewarding the most worthless, least productive members of society (asset price speculators) over actual production/innovation. t.co/UhRkGnrXJL

— Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 (@GRomePow) July 25, 2023

How long can the Fed & its PE accomplices delay the inevitable?

You can see what the Fed (BlackRock) is doing here, they're pumping these small banks in after-hours trading to prevent them from collapsing before September.

Every regional bank that was collapsing today fully recovered all losses in after-hours trading, some are even higher.

— Financelot (@FinanceLancelot) July 25, 2023

I’m not sure if you’re noticing, but Blackstone is unwinding some of their biggest deals.

The sheep should absolutely keep buying 4% caps.

— Shlomo Chopp (@ShlomoChopp) June 27, 2023

Why did the Fed go insane with the MBS purchases?

"I think they were saving somebody."

Spoiler Alert: It wasn't you.t.co/uKZvXIkFlY pic.twitter.com/oP2YZURNfE

— Rudy Havenstein, populist. (@RudyHavenstein) June 14, 2023

This is STILL unrented. True value likely $3000/mo. If they would have just got off their high horse, they would be $21,000 up by now. t.co/QfaS7PSWOd

— Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 (@GRomePow) July 24, 2023

Spreads on US high-yield bonds are the lowest since April 2022. Financial conditions are loosening at a fairly steady clip, even as the Fed prepares to hike rates to the highest level since 2001. pic.twitter.com/SKmrCcSiMJ

— Lisa Abramowicz (@lisaabramowicz1) July 26, 2023

Wall Street’s Mega Banks Grapple with Trillions in Uninsured Deposits

In the wake of JPMorgan Chase’s controversial expansion into Israel and Singapore, concerns have been amplified due to the bank’s troubling history of admitting to five criminal felony counts since 2014. The extension could add billions to its already problematic uninsured deposits, raising significant concerns for regulatory bodies. As of year-end 2022, JPMorgan held a staggering $1.48 trillion in uninsured deposits, equating to 60% of its total deposits, which are not insured by the Federal Deposit Insurance Corporation (FDIC). The recent large-scale bank failures in the US have underscored the risk of such massive uninsured deposits, leading the FDIC to propose a special levy of 0.125 percent on uninsured deposits above $5 billion, payable over eight quarters. If enacted, this measure would deal a severe financial blow to JPMorgan Chase and other banks holding large amounts of uninsured deposits. However, this proposal has met with fierce resistance from large banks. Their lobbying organization, the Bank Policy Institute (BPI), has demanded evidence that the largest banks were the primary beneficiaries of the federal regulators’ systemic risk assessments, and it has objected to the proposal’s potential for future reapplication. In response to the banks’ objections, Dennis Kelleher, President and CEO of Better Markets, a nonprofit watchdog, emphasized that the main purpose of the FDIC deposit insurance is to protect bank depositors, not the banks. Kelleher further suggested that large banks, which have sufficient funds for stock buybacks, should pay the special assessment within one year rather than over eight quarters.

h/t Simian_Stacker