Heads up folks…

I’ve been on my soapbox sounding the alarm about the banking system for the past several months.

We had 6 banks crash and collapse last year in 2023 and many thought the Banking Crash was over.

I kept telling you it wasn’t.

I kept telling you I feared that was just the prelude.

This is one of those times I wished I was wrong, but it’s not looking like I will be.

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In fact, it’s looking like the Bank Crash 2.0 is right around the corner.

Here’s what’s happening right now as I type this:

JUST IN – New York Community Bancorp stock crashes, trading halted.

— Disclose.tv (@disclosetv) January 31, 2024

This is what the chart looks like:

This is the stock of ‘New York Community Bancorp,’ the bank that acquired troubled Signature Bank last year.

They announced a $264 million loss in Q4, and as a result, the stock opened down over -40%. pic.twitter.com/6rAlqfywwj

— WhaleWire (@WhaleWire) January 31, 2024

This is the same bank that bought Signature Bank last year….gee, I guess the contagion spread?

Who would have thought?

While everyone is focused on Mag7s, NYCB – New York Community Bancorp (yes, the bank that bought troubled Signature Bank last year) announced a $260M loss in Q4, and the stock opened down 40%.

What was in that loan portfolio? pic.twitter.com/lzNlj9ED1t

— James Lavish (@jameslavish) January 31, 2024

Many are calling this the “death candle”:

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