babu_bangaram Posted March 15, 2023 Report Posted March 15, 2023 https://www.dailymail.co.uk/news/article-11857979/Biden-associate-got-3M-transfer-Chinese-company-two-months-end-VP-term.html 'According to bank documents we've already obtained, we know one company owned by a Biden associate received a $3 million dollar wire from a Chinese energy company two months after Joe Biden left the vice presidency,' he detailed. 'Soon after, hundreds of thousands of dollars in payouts went to members of the Biden family.' Quote
babu_bangaram Posted March 15, 2023 Report Posted March 15, 2023 *Moody's slashes outlook on entire U.S. banking system from "stable" to "negative" citing "rapidly deteriorating operating environment"* In their report, Moody's wrote that it made the move to "reflect the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank (SNY) and the failures of SVB and SNY." In addition to the downgrade of the entire sector, Moody's warned of six individual institutions which were placed on review for potential downgrades: First Republic INTRUST Financial UMB Zions Bancorp Western Alliance Comerica Moody's made note all the steps the Fed, Treasury, and FDIC have taken in their non-bailout bailout, yet relayed that widespread concerns still exist as banks with losses and uninsured depositors could still be at risk. Indeed, this was reflected in the market yesterday as smaller bank stocks were ground into dust. "Banks with substantial unrealized securities losses and with non-retail and uninsured US depositors may still be more sensitive to depositor competition or ultimate flight, with adverse effects on funding, liquidity, earnings and capital," the report said. https://www.msn.com/en-us/money/markets/moody-s-just-cut-its-outlook-on-the-entire-us-banking-system-to-negative-in-the-wake-of-svb-s-collapse/ar-AA18CcS2 Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.