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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