Company may file for bankruptcy by open of business Monday; $18 billion in customer deposits in SVB, mainly top 1% of customers with WFC, average deposit $1,515,000.
Wells Fargo executives in 11th hour meeting.
Falling into your wing while paragliding is called 'gift wrapping' and turns you into a dirt torpedo pic.twitter.com/oQFKsVISkI
— Mental Videos (@MentalVids) March 15, 2023
it all comes tumbling down tumbling down tumbling downnnnnn
don't do this to me, anon.
don't give me hope.
I JUST KEEP LETTING ME DOWN,
LETTING ME DOWN, LETTING ME DOWN
It AAAALLL
returns
to nothing
>IT ALL COMES TUMBLING DOWN
>TUMBLING DOWN
>TUMBLING DOWN
IN THE THREAD THAT WE ALL LOOVVEEE
BADUM DA BADUM DA BUM DA BUM
BUT IF YOU CLOSE YOU'RE PUTS
IT'LL FEEL LIKE NOTHING CHANGED AT ALLL!!
Better get this stickied with the music everywhere on the site and scene in the background
make it happen mods
Wouldn't this be financial armageddon?
yes. 100%
zero proof
Friend who works in the investment division says it is chaos and panic in New York and in San Fransisco. Touch and go.
nice FUD
>FUD
Did you just come out of a 2 day coma?
Zoomer here looks like I'm gonna experience the first financial crisis ever in my adult life. Gonna be fun
last one was pretty meh in terms of how it impacted our lives as then-zoomers.
if you dont have a career yet, it means you get to jump onto whatever new sector the money gets sucked up by. pretty good deal. youth is worth a lot in new sectors.
Millennial here. It's not fun. Not at all.
Unless you already have a safe job.
ATTN ZOOMERS:
Fun fact!
Starting your career during a recession has a measurably negative impact ON your long term health. Cancers, heart disease, etc, are all noticable higher in this who entered the work force during economic downturns.
mental health also takes a dip! Depression, loneliness, relationship dysfunction... all of them suffer long term because you had to settle for that shitty job at 22 instead of walking into Google as a Associate Product Manager of People Relations.
Oh yeah, and don't even talk about the long term financial implications.
Enjoy!
This is probably true because I graduated college in 2012 and couldn’t get a real job I finally got one in 2017 and I have a scarcity mindset big time and I’m always stressed
Millennial here. Cant wait for my 4th once in lifetime crash.
Although if you are a zoomer you just lived through the covid crash which was a crisis.
At least we're too old now to be drafted for frontline duties in the coming world war. Be sure to frag your officer once you're in the fields, zoomers!
Cant they get us til we’re 35
~~*they*~~ can change the laws to dig up your corpse and launch your coffin at the enemy. the risk never ends for SWM
>Be a Finnish millenial
>Experience our 90s giga crash that happened due to bank lending and soviet union collapsing
>2000 dotcom drop
>2008 crash
>2019 corona dip
>2023 total economic holocaust that's going to wipe out all banks and probably lead to a bug eating dystopia.
It's like living boomer bubble growth era but in total fucking reverse.
Don't worry your children will have a lot of money to share with their nagger compatriots
>>It's like living boomer bubble growth era but in total fucking reverse.
i fucking hate boomers so fucking much because they had it so fucking easy and good.
>pull yourself up by your bootstraps kid
kys boomer retard. fuck you fuck you.
think about it. boomers lived the greatest life EVER in the history of the world. makes sense why they are so selfish materialistic out of touch reality homosexuals.
Don't listen to naysayers, it is fun as long as you're not a retard and especially if you're young. You get to see a bunch of people you thought were smart and rational act like complete buffoons and destroy their lives.
It is only fun when we are forced to hunt each other for food. I hope I get to hunt you.
the dotcom bubble had very limited implications if you were young, it was mainly gambling boomers who paid the price
the housing bubble impacted a much broader sector, i remember realizing it was a big thing when tow trucks started prowling the parking lots every night in my apartment complex and taking them away at 3 a.m.
the everything/pandemic bubble, which is what this is, has seen some air come out of it, but there has been very little pain so far. that will change.
Millennial here, I turned 18 the same year the housing market fell apart. You're going to be forced to learn how to live on almost nothing. On the bright side, everyone else will be broke and depressed too. That means emo chicks and goth girls that sleep anywhere and everywhere are making a comeback and this time I won't be as stupid to pass them up
It'll be your first and the last. Enjoy it.
This
Every grifter, scammer, and other fucking farce on social media pretending to be rich is going to be left with their pants down.
I finished school exactly when the Yuro crisis happened, resulted in two years unemployment because grades where shit due dyslexia. It wasnt funny, now I work me out of that hole, finish my apprenticeship, did a year in the military, worked a while and started study logistics. All that shit with dyslexia. Guess when I’m finish with my study and start looking for a job? Next month lmao
sounds like your life is one bad decision after another. You know not everyone was supposed to make it right?
If you're already poor, you won't be affected by it.
Only "middle class" people with massive debts will get wrecked.
Hearsay. Your proof is your friend? Well go on then. Elaborate on everything he's said.
Friend told me SVB was holding on to $17,987,415,000 in WFC bank deposits, about 1% of total deposits, making up most of the top customers in WFC.
>$17,987,415,000
That's very specific. Maybe you can reply to this post with the faked screenshots where he sends you this number?
>when adding specific details ruins your larp
kek you guys have autism there's no "friend." he's trying to insinuate that he's a whistleblower
fake and gay
All the fucking nagger-loving liberals have their money in SVB, through WFC.
you blew your bait thread by being too specific.
kys
Your friend texted you the exact figure? Right
My father, Wellsley Fargonton, owner of money, says you're full of shit
I've worked with your dad Wellsley before...nice guy, just needs a wardrobe upgrade. Tell your sister Kenzi to help him out, and NO MORE mens warehouse shit
>Touch and go.
Sounds kinky.
Captcha: P(re)M(arket)GOT
You know the rules. Proof or kys. But its probably true.
My uncle works at Nintendo and he says you're gay.
my father is a wells fargo and he says you a shit.
My company has an "all company" retreat this week. Hundreds of people having a good time, doing team building shit. It's privately owned so the president's usually are there having a good time with everyone, getting drunk and doing shots with us.
Around 1pm yesterday, they were all called into a room and we're seen talking and looking very concerned.
They never came back to the celebration and have been holed up in the office the last 12 hours.
I'm scared anons...
what does your company do?
lol, good thing they are having a retreat
cause they are COWARDS
what did your Dad who works for nintendo say?
Insider here, can confirm.
Can confirm, my husband who is a Welsh homosexual just came home crying something about the office vibe being all wrong.
Sounds like they need to bring back social drinking in the bank sector.
Have you offered zher theys dilator. I hear zheys and theys feel much better after a filator vibe check.
my uncle who works at Nintendo said it's crazy over there as well. Stay Strong Fren
I believe this. Had a friend who worked at WF San Fran. Let the bodies will hit the floor.
>new york
>san fran
>touch and go
Bro gay club gangbangs aren't financial advisors
Several former classmates of mine went on to investment banks and pe firms and hedge funds. Others in VC in SF.
Everyone is preparing for financial Armageddon this week. This is not an isolated problem. One bank doesn't die in 24 hours while all the others are just fine.
What should I do with the 5k I keep in checking? That's fine because it's peanuts and FDIC insured, right?
That 5k will feel like 2.5k after the FDIC requires more money to provide you with your insured dollars. That'll mean the Fed prints about $10 Trillion to get everyone their money back.
at least I have 12k in ibonds
For some reason deposit insurance always sounded like a polite fiction to me
>touch and go
hahahahahaha
Would you go as far to say they are shidding and farding?
HOLY SHIT A WELL FARGO EXECUTIVE JUST FLEW OVER MY HOUSE
My dad is JP Morgan
ALL PATRIOTS GO
WWG1WGA
Clearly a homosexual, San Francisco checks out
A financial crisis just drove by my apartment!
bullshit but I believe it
Fake and gay
nagger please
> source: trust me bro
>no Chainlink partnership
Nice try homosexual. Only companies that have a partnership with Chainlink open bankruptcy
I hope wells fargo goes down despite them being my primary bank.
>$18 billion
OP, you dumb nagger, Wells Fargo makes that much in an hour.
That's nothing to them.
millennialbros, not again
yeah we're actually kinda goofed this time. start building parallel societies type vibes. We're too old to work in the trenches of whatever VC pumps up next and too young to take over the existing system. We have to break away.
This. Alternative civilization running parallel to kiked normiestan, own tech, own entertainment, own money
Zoomer here, fuck you boomer kek
i guess at least zoomers never expected to own anything so you're pre-primed to never care about the fucking you're about to get
You're as old as we were when 2008 happened. You're just as fucked as we are, squirt.
Millennial here, have fun fighting in Taiwan
>it's another """once in a lifetime""" crisis totally fucks over our entire generation episode
9/11, 2008, coof, now this, plus Cold War Electric Boogaloo is still in the cards...I'm tired, 30 year old boomer bros...
i just wanted a modest house, a loving wife and two children
all gone. only dreams of something that can never be. and we're about to go through it again.
checked, and can I interest you in dying for Taiwan as an alternative to that dream?
I just want a house, and a wife. Thats it
But hoes either have kids now or have 200k miles of dick in them.
Houses are half a mil for just some shed
Zoomerfags dont waste your 20s chasing the bag.
I make 6 figures and i cant afford shit
Im 32
Im seriously gonna end it by 35 if shit doesn't happen.
You can move to Thailand
find a young girl in venezuela
american thots are overrated.
Don't kill yourself. Kill techies, bankers, or execs.
It hasn't even begun
I was born into fall of Yugoslavia and the Homeland War, mom's house got burned down, dad was unemployed alchocolic war veteran
When the 2008 crisis came I was in college and could not find ANY job, not even stacking boxes. There were some jobs for female hostesses that I saw on the board.
50% under 30year old unemployment, crisis lasted till 2016.
Then I moved for work to Germany in November 2019, Corona comes.
Now this.
Why is my timing so bad, bros?
Tell us where you're moving next Schleprock, so we know to bug out in advance
You're still here fucking drama queen.
Struggle. Endure.
Endeavour to persevere
You wouldn’t become heroes destined to destroy the psychopathic israelite once and for all if it weren’t for your hardships homosexuals.
Jesus called these Birthing Pains
can´t climb the ladder if they destroy the ladder this is all on purpose. Blackrock is salviating at the thought of all the things they can buy soon
Gotta play your cards right. The path out is available, but not everyone's going to walk it.
>The path out is available
What is it?
The one that was predicated on this economic turmoil coming to pass as a precondition to its success.
>muh funny money
fucking lol
If you think I mean crypto, you're incorrect. I don't.
I gave a big enough hint for anyone to figure it out. You've just got to look around.
>I gave a big enough hint
Is it a secret? Is it a way out that only supports a small number of people?
Do I look in the archive? Wikipedia? Is it class war or some communist shit?
It's not a secret by any means. Like I said, its success is predicated on economic turmoil, and this has been a public point of discussion for the last 2 years now. Seeing it all going according to keikaku (TL Note: keikaku means plan) has been absolute bliss.
Bitcoin and not "crypto"
Nope, though I can see why you might think so. No, Bitcoin is as vulnerable as any other asset someone might be using to play collateral games with. First one to cash ruins it for everyone else. That's as true of SVB as it soon shall be of Bitcoin, and crypto on the whole.
I'll need more help than just that, where do I look for more on it?
This is like the tenth fucking economic meltdown
You didnt get caught with your pants down, did yah?
>he actually thought he was going to make it
We’re not going to make it are we
Join me, brother, and let's leave this world and never come back. We can go back.
Teachers out sick today, the subs going to play Jurassic Park!
>everyone look, we brought in this tv so we can watch the space shuttle Columbia come back to earth!
why a TV on a cart with a projector mounted to the wall.
>this does not make sense
Probably found it in the closet and rolled it out for le nostalgia
Public schools tend to not throw anything away it seems
This is laughable. Another bank (JP Morgan, BOA, or Citigroup) would just buy Wells Fargo out.
Boa plaz i want my ripplescoins
They don't have enough capital right now themselves. I can promise you nearly every bank and lender is insolvent or nearly there right now.
BofA? >snort<
why would a bank keep its money in another, even shittier, bank?
For the gainz.
Because spreading shit around is advantageous outside of black swan events, in which case one entity getting bart dicked spreads the dicking around.
Money under mattress-bros can't stop winning
Good.
Holy fucking based as fuck
>it's real
https://consumerist.com/5283290/affidavits-on-how-wells-fargo-gave--ghetto-loans-to-mud-people.html
>crapitalists are racist shitpiles
Quelle surprise.
Oh well the strength of diversity
Better get those janitor acceptance mails homosexuals
interesting
A major bank isn't going to fold over a 1% drop in assets you fucking retard
100 to 1 leverage.
Wells fargo doesn't make money by being degenerate goomblers, they do it by charging spics overdraft fees.
I HAVE LONGS OUT YOU BANK naggerS STOP IT
Oopsie poopsie
So should I cancel my car payment to them?
YEAHHHHH BAYBEEEEE, BRING THE PAIN
WOOOOOOP WOOOOOP
Wells Fargo is unironically the worst US bank
people who keep their money there deserve to lose it
t. Laqueesha Hernandez
Whats so bad about it? They have atms everywhere, the app works fine, I can scan in checks, etc. What would be different at another bank?
Also you guys talking about “losing” money if the bank crashes is hilarious. You know about fdic insurance right? This isnt 1930 anymore…
If it crashes and goes bankrupt (*extremely* unlikely), your money is UNTOUCHABLE from the moment they file bankruptcy. THIS is what's happening to the average SVB depositor TODAY. They can't get access to their 'insured' deposits until the bankruptcy judge says so, and that could (and will) take years. The money may be there, but you can't debit it to pay bills!
>he doesn't understand how FDIC process works
>he doesn't know the FDIC only operates under the assumption that very few banks will fail and are capitalized as such
>he doesn't understand that a receivership can take up to 30 years to pay out, and the average amount of repaid loans is 20% of original balance
Bahahaha stfu you little doomer bitch. Literally nothing is gonna happen. Fdic can just print money. Do you think its actual cash sitting in a vault somewhere? Retard
now now, mumu, you'll be eating shit soon enough if you aren't already
K. Ill be back here next week when nothing has happenned. Will you? You’ll be like a bumbling homeless person muttering something something is gonna happen “soon”. Yeah yeah heres a quarter big guy
kys uneducated fucktard. the ripples are set in motion. fed can no longer print itself out of crisis. its fucking OVER.
>it HAS to all crash because I stamped my feet
LOL the irony
You lost bitch
TOTAL STARTUP DEATH
Money isn't real, anon
Give me one million annual worth of computers hardware in UBI
do you speak english?
There is no free money, you have to earn it like everyone else your age, doing chores around the house.
I hear your mom and dad pay more than mine did back in the 90s.
Give me you internet computer. This will not be doubt a second time.
>Give me you internet computer. This will not be doubt a second time.
Yeah... I'm not understanding a word you say here.
Either you are a child who is still learning how to write, a low IQ individual, or a foreigner that is ESL.
>Gabor
HAHAHA is that an actual name? Cool graph fag
I literally cant get over that name. His parents mixed Gay with labor lmfao. How has that “guy” not killed himself
kek it's funnier and funnier the more you say it
>Gabor Gurbacs
Between 3-7% of svb was actually insured, the fdic can cover it.
Geez I don't know.
https://ivypanda.com/essays/the-wells-fargo-cross-selling-scandal/
None of this has impacted me. I have never been hit with fees from them. The service has been flawless.
Anyone who bitches about WF fees is a dumb mud person who got taken advantage of, or can't stop overdrawing from their accounts.
Exactly. Ive had an account for 20 yrs and never once had these “fees”. Maybe theyre talking about a business account? But that doesnt sound right bc no one biz runs a business. Its all wagies and incel neets so wtf would they know
I agree 100%. Literal scumbags preying on everyone. Good riddance.
On the bright side, you guys got rid of the mean tweet man.
Idk if this is related but I got wells Fargo and my direct deposit isn't showing in my account shit is gay.
Although I got like $800 in cc debt from them, if they go under I don't have to pay right?
I need to know the answer to the last question asap
I also have around 4000 grand in wells fargo account. Should i go get it out?
someone will buy wellsfargo
us poorfags are ok, we're covered by FDIC. Our money may be inaccessible for some time (days) if they really go under.
Kinda sucks, I got $700 in tax returns and a paycheck next week hitting my account puttingme around 4k as well.
Just gonna ape it all into btc/link.
>shit is gay
I beg to differ. Shit stinks. A sunny afternoon playing pickleball with my family followed by some snacks and some refreshing drink is gay.
Lack of true gayity is the reason for depression.
Found the redditor homosexual
You think people on reddit are trying to reclaim the word "gay" in opposition to lgbtqia2s+ ideology because it is a semantic psyop to demoralize men?
All redditors are pedos/pedo enablers
Then you will fit right in.
No don't pay them. If they go under they'll be too busy to worry about your $800 to say the least
go kill yourself you lying FUD homosexual
You'd have to have a heart of atone not to laugh.
bros I was literally fixing to put $200k into CD's yesterday so my money could do a little bit of something instead of sit in a bank. i am scared of bank solvency and not sure what to do with cash. was planning on buying a second home in 12-18mo with it so i don't want to get wild with this shit.
Try JPMorgan(1 trillion in cash reserves), or Bellbank in fargo ND, its ran by white gentiles and one of the best operations in the world
I am financially illiterate and will need to see if these options are available from my brokerage. Am I worrying about nothing when we talk CD's and bank solvency? I am imagining getting a CD to a bank that goes under and my CD goes with it. I can look at bonds but I have no idea how to understand the information Vanguard gives me when it lists the selections. I've got two days to figure it out. There might be a tax benefit that makes bonds a better option over CD's, with less risk? Aren't they tax exempt?
Anon if you can't even read you're beyond help. How did you get to house #2 let alone the first in the first place?
I am an aerospace engineer and I make a good salary, keep my expenses low, and it just saves up. I never really sat down to actually study and understand investing - and when I say that I mean getting good at understanding all the datafields displayed when looking at stonks and stuff. I get the overall concept but beyond something like expense ratio or support lines, I have no idea what half this shit means. It's the same with sports too. I see all these different metrics, I can read the definition, it isn't immediately clear what pattern = a strong team. Thus I never played fantasy football. My life has been pretty simple up to this point. I get money, I pay mortgage, no debt, track my expenses. Time for me to graduate to another level so this month I opened a Vanguard account and I am but a little boy in a mans world.
treasurydirect.com
if this goes tits up you can just go claim a second property, as most of us are dead
>treasurydirect.com
.gov ?
also how does a non-us citizen open an account. Investopedia and others say that anyone can open an account there but when I do it asks for state, social security number, and to confirm I am a US citizen. I'm European and want to buy.
just become a us citizen then buy whatever schemes and products the treasury can fabricate to your heart's content
>200k in cds to do a lil sum
Kek
>my CDs are twerkin right now
Sweet. Yeah last night their twitter was on fire with missing deposits and their cs monkeys were handwaving it away with "technical difficulties". lmao. it's all over.
wells fargo has such a shitty reputation, how do they stay one of the biggest banks?
why do black people and dumb white trash retards always end up paying fees to wells fargo?
for me, it was the horses.
I think the horses on the logo make it seem friendly but serious in a really subtle way. Its mind control iconography like moths to a flame, retards hand their money to the horse bank.
going into it a little deeper on the black magic of the horse bank
>everyone has to open a first account somewhere
>WF is pretty available nation wide, so its good for young people traveling for college or for a job
>Horses seem friendly, but also the stagecoach implies 'we've been around a while'
Red and Yellow colors are basically mcdonalds so they hijack the dopamine there cause now you want french fries, and yeah.
Pretty much game design for coraling retards willing to pay fees. Then if you had gone into their old SF downtown branches it was like being inside of an old world palace so you felt like "Oh yeah, thats why I pay the fees, cause this is like some weird San Francisco catholic church or some shit."
anyway, those are my thoughts on the great Wells Fargo's ability to suck tithe from onions robots
i'm wellsfargo because i was wachovia and before that well i wont say because that'll kind of doxxx me
synova is the easiest to decypher.
It has a shitty reputation amongst people that actually know a thing or two about finances or basic economics. Most people do not know a thing or two about finances or basic economics. If anything WF went balls to the wall pandering to that very kind of person with shit like ghetto loans. Most people don’t do their homework on this kind of thing then wonder why they get fucked years down the line.
They must be "deadbeat friendly" in one way or another
What chapter bankruptcy?
The bad one.
>chapter 2: the barbarian prince
source? I need a source. (I have 2 put options that expire friday)
uh oh
Hey guys, remember the Dodd-Frank act from 2010? It made bail-ins legal, meaning the bank can just steal depositors' funds to cover banks losses.
I remember
Are zoomers gonna try and occupy Wall Street only for it to get co opted by israelites and blacks all over again ?
Fake and gay.
I just took out a loan from these fags, would I have to pay it back if they went bankrupt? Or would the loan at least be pushed back or delayed while it's sold to someone else?
>the year is 2052, your 63rd year on earth
>the 438th once in a lifetime financial collapse has begun, forcing you out of the tent you've spend the last 10 years paying a mortgage for as it is reclaimed by blackrock and handed to a newly arrived migrant family
>media talking heads (literal boomers in futurama glass jars) are suggesting you stop bitching, pull yourself up by your bootstraps, leave that bug protein avocado supplement alone and move into a shallow grave you must dig with your eyelids
>it costs $48,000/week + bills
>a bi-reality gen-c onlyfans star, president of the united states and the planets third trillionaire walks past you and kicks dirt in your hole whilst calling your privileged
>"at least we rescued the economy after 2008"
This is the most poignant post I could of read in a wells fargo thread
fuck wells fargo. send it to zero
Guys I have $60,000 in debt with WF. Is my debt safu??
no, the israelites will buy it for 20k and make you pay 80k
What's that you say?
Buy it for 10k and make him pay 100k?
I’m sorry, but I could not find any information on how much money Wells Fargo has deposited with Silicon Valley Bank. Neither bank has disclosed that information in their annual reports1234, and I could not find any reliable sources that reported it.
However, I did find out that Silicon Valley Bank had a very high percentage of uninsured deposits, meaning that they exceeded the $250,000 limit covered by the FDIC56. This could mean that Wells Fargo and other large customers may have lost some of their money when Silicon Valley Bank failed
I have this odd article that came up in my Google news feed.
https://seekingalpha.com/article/4586625-svb-financial-collapse-will-not-materially-damage-wells-fargo
Seeking Alpha is Jim Cramer on steroids.
Yes, I know this. What is odd is why the felt the need to write this article at all if WF has no exposure to SVB (or any of the other banks on the brink).
This is just him announcing to his friends that Wells is going down in flames and to get the f out.
Guess I'll find out Monday if I still have a job. The company I work has millions in Wells Fargo. I just deposited a 35k payroll check on Saturday last week at my bank (Chase). They put a 15 day hold on it with zero funds available. It's the same account I have drawn my payroll from for 5 years (literally the only checks I deposit), and I deposit checks this size or larger on a regular enough basis. The last check was for far more, and it cleared in a day with all funds available (just like the 10+ previous deposits). I spoke with the branch manager about the hold and there was no reason in their system for it. Thank God it cleared fully on Wednesday.
> I just deposited a 35k payroll check
Your paychecks are 35k?
Payroll. It's for their employees.
Run.
>Do not worry, everything is fine.
Ok :o)
Lol, ATM's are going to be empty within 24 hours
Why would a large bank keep its assets in another bank? That's just stupid. That's giving their bread and butter away.
Total nonsense.
They want bailout money from the government.
[citation needed]
My mortgage is with WF, does that mean my house is free?
it means someone is going to buy your mortgage and do whatever they want with it
there's only one way to make your house free and it involves denouncing the talmud
Some other lender will swoop in and buy your mortgage.
Dude I get my direct deposit through these guys pls tell me my life is going to be alright
credit union stat, laddie
Yeah I get direct deposit through Wells Fargo too and my paycheck from last week still hasn't hit my account. On hold with customer service as I type this.
I got my rent check from my management company direct deposited to wells fargo yesterday. So either us landchads are getting priority treatment (likely) or it's an issue with corporations fucking up their payroll (possible).
Customer service just said it's a technical issue and promised I would see the money in my account by EOD. I am doubtful but we will see.
>corporations fucking up their payroll
this
my old boss used WF and we always had about 1-2 business day lag because she (kek) wouldn't process the payroll until Wednesday or Thursday when we had our time sheets in by Friday the previous week.
Current job, time sheet is in on Friday, they process Monday and I'm paid on Wednesday not Friday when the ACH clears.
That would be kino.
GET ALL YOUR SHIT INTO A CREDIT UNION NOW. NOW. NOW.
I have no cash with them but I do have loans
does this mean I won't have to pay them off now lmao
>buy the banks
-manerrino
Uhhhhhhh bros I have my life savings in Wells Fargo ($8000). Just started a job and just got into savings and not blowing my money on dumb shit.
28 yes old; how fucked am I?
All bank accounts are insured up to 250k by the federal government, you'll be fine, the government will pay you out what you had in your account. The only question is how long until they reimburse you.
This is a bot. There will be no bailouts this is it, the great reset.
Unironically start pulling some out, monday is when we know for sure if the market is fucked. But USD will follow after so idk probably start praying
credit union stat
UNDER YOUR MATTRESS UNTIL THE DUST SETTLES
But tell no one. Word spreads, innocently at first, and that's how you end up with a broken window while away at work.
Pull out what you need for bills for at least 3 months in cash.
Put it in a safe.
You’ll make nothing on it in the bank.
But you know YOU have it.
welt fartgo lol
DAMN
they denied me for a credit card years ago when I needed my first; now I have several and they are in peril
god always looks out for me
Okay I'm not fucking around this time, gonna go clear out my checking account until next week, see if this blows over. I'm not losing thousands of dollars right before I start traveling because of bank fuckups.
Yep, managed to get there before they closed at noon. Bring on the crash!
does tghat mean my mortgage is nullified?
WELLS FARGO
TOGETHER WE'LL GO FAR
FAKE AND GAY
KYS
Alright if you are 30 and under explain why you aren’t totally for socialism has this boomer capitalism not taught you enough
Because I don't want my money going to babysit minorities, Ukraine, or government workers. Also the government is generally incompetent and openly hostile to my beliefs.
>Because I don't want my money going to babysit minorities, Ukraine, or government workers
But that's already happening.
That's were you are misled, we haven't lived under capitalism, the system can be descibed as corporativism, the union of government and corporate powers also known as fascism
They will use this event to explain why a cbdc is needed
> That's were you are misled, we haven't lived under capitalism, the system can be descibed as corporativism, the union of government and corporate powers also known as fascism
But capitalism always leads to these sorts of outcomes
It always starts off as a free market then one guy starts acquiring the market share of other parts of the economy becomes capitalism rewards those who have and before long we have the system we have now
>socialism
because you really mean bolshevism, and that is 100x worse than this could ever be
>capitalism existing when government distorts the free market at will with regulations and central planning
this is actually socialism, fren
Because I don't want to starve to death?
>anon why don't you want the government to play bantu maximizer with your tax money??
i have a credit card with them, might as well max it no?
Someone else will aquire the debt, doesn't go away.
Wait until hyperinflation to pay it off or do the Sam Hyde thing.
Fuck wells fargo.
Buy puts on them on Monday at open. It's going to crash this week.
Just pulled 200 dollars out from one of their ATMs to speed up the process
Thank you for your service
Stop it with the antisemitism!
numerological accelerationist
You all laugh but as shit worsens and more dominos begin to fall the media and politicians will treat this sentiment (taking one's own money from one's own bank account, denying by-ins) as outright fucking sedition.
I hope all of these OF whores loose their money.
>loose
lose, my fren.
Post hands next to power socket in your home chang.
Thankful I bank with navy federal credit union
Huntington chads, we're winning.
I just drove by the WF HQ in downtown SF. There might be legs to this. It's very busy with suits and security
Why do you choose to live in an extremely overpriced homo shithole? Where I live no one gives a fuck about what happens in san fran
I like the weather. I grew up in Florida and lived in the south for a total of 30 years. I also enjoy the hiking and camping. There's no insects. I also work on nukes soni get to live in a comfy house thank you MIC.
On Monday I'll work on site and hide in my bunker lab behind razor wire and armed guards and shit post.
Just took out my life savings(763$).
Thanks for the heads up bro!
Hilarious. Sadly Joe Taxpayer, aka (You), will have to bail them, again. This time though every western nation has no money so idk.
Anyone observed within themselves a idgaf attitude? Why should I go into work every day, to be underpaid, with diversity hires and managers, when it's all just a disaster movie waiting to happen? I can barely even save money these days, which was originally why people got out of bed. I hope everyone at Wells and SVB loses everything and dies.
>Apathy
We are so close to the bottom bros. This is THE sign.
https://twitter.com/CitizenFreePres/status/1634690669079035904
oh poop
Where my schwabchads at?
Anonchama... We aren't feeling so good either....
I have only 250 dollars in bank and yes I'm a poorfag.
Should I be worry, anon?
If wells fargo collapses, will this mean I won't have to pay my credit card debt back to them?
Your debt already got consolidated and sold off to other firms hours before you even made a transaction.
lmfao no
you still have to pay, you're just paying to someone else
Why doesn't my credit card company want MORE money?
Because then it would be a debit card.
They need to collect the interest they expect.
I'm 36 years old and lived through 4 financial collapses by now. Getting sick of it.
It’s over.
b-bros... this is my bank
>special news unit
Yeah totally legit retards
no way this is real
I bank with chase. Based Mr Dimon is sitting on a mountain of cash for this
wells fargo direct deposits not going through. the normies have figured it out they are going haywire
How do I short wells fargo IM SERIOUS SOMEONE TELL ME WHAT TO SIGN UP FOR TO MAKE THIS HAPPEN
you need 35k to open a futures account
Fuck Wells Fargo, they deserve to implode for all the bullshit they have done against the public.
time for a circuit breaker on withdrawals
>$250 per goy per day
>'just shy of half a lunar cycle is needed to stabilise things'
>>'just shy of half a lunar cycle is needed to stabilise things'
I just hope WF stays alive long enough for my tax returns I filed yesterday to hit and my paycheck next week. Then I'm going all in on BTC, and watching the fiat banking system collapse. I also have 9k chainlink. 0$ in bank account gang REPRESENT
My friends laughed at me for stockpiling rice and beans and silver and ammo and sardines and I can't wait for them all to bow and line up to suck my toes to completion for a cup of lentils.
Fuck me.
Underrated movie.
Agreed. All this bank talk has me wanting to rewatch this kino tomorrow
Jesus fucking christ I just need to system to endure for 1 more week so I can buy my house.
Fuck this shit. I'm so tired, I just want a 2 bedrooms house and to by fancy bear every fortnight.
FUck