I believe Bank of America is insolvent with a 6% Fed funds rate, leverage explodes. If your core capital is impaired, any losses on tertiary assets (credit cards, commercial real estate, asset backed securities) are exponential painful. https://t.co/Xd76VATiOr
— Lawrence McDonald (@Convertbond) October 10, 2023
And then of course you have The Simpsons predicting it in advance:
The Simpsons predicted Bank of America running out of money.
All banks are insolvent, which is why you are unable to withdraw all of your money in one day. pic.twitter.com/5xMPs7YT6M
— Shannon Crawford (@shae33172) January 21, 2023
Bank Runs incoming?
🚨 BREAKING: There's going to be a #BankRun
Many #Banks are gonna start falling rapidly and become insolvent. #CitizensBank in Iowa is insolvent and the dominoes are falling.
Even Bank of America #BOA & Wells Fargo #WFC are warning depositors of withdrawal issues plus… pic.twitter.com/jn6pdLEvny— Richard Barry (@irishchink) November 4, 2023
THINGS ARE GETTING BLEAKER FOR THE USSA/AMERIKA…
INCOMING: US Government May Freeze American Bank Withdrawals
ALERT: US Government May Freeze American Bank Withdrawals As Currency Panic and Capital Flight Mounts – Hedge Fund Manager Hugh Hendry
This will be catastrophic. pic.twitter.com/IPjWj4SzX6
— Stew Peters (@realstewpeters) May 8, 2023
AC