Cryptonian

2023/05/02 06:12

BREAKING: JP Morgan Profits Massively

BREAKING: JP Morgan Profits Massively While The Fed Panics From A Banking Contagion

JP Morgan just said it’s acquisition of First Republic will generate an IMMEDIATE gain of $2.6 billion and $500 million in yearly profit.

On top of all this, the FDIC is covering $13 billion in losses and providing $50 billion in financing

CONCLUSION: The Fed Is TERRIFIED more banks will fail, so they want to make sure the First Republic acquisition goes smoothly to keep confidence high, and they did this by heavily supporting JP Morgan.

But... commercial real estate is cratering. If that happens, the dominoes will almost certainly fall.

Warren Buffet's right hand man Charlie Munger confirmed my fears yesterday by warning about banks' exposure to bad commercial real estate loans.

#Trading Volume Hits New Low Since November 2020#Money hack: Soaring crypto

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