/biz/ - Business & Finance

No, not really.

>>54827239
>reddit is part of the chart
I hope they keep tanking

Yes, this time is in fact different.

>>54827239
are these circle sizes adjusted for inflation?

>>54827271
read the chart anon

>>54827271
Retard spotted

And that's a good thing. You don't need dozens of small and fragile banks. 3 or 4 big and robust banks are enough for a healthy economy

its just a correction retards, buy the dip, the US economy is immortal

>>54827295
>>54827301
the font should be bigger

>>54827239
What's this Reddit bank on the bottom?

>>54827239
>This time it’s different?
>biden: this reminds me of when the neighbor used to comb my leg hair
we are so fucked.

>>54827239
It’s because of mobile banking chuds, 10+ years ago before smartphones you needed to actually sit at a computer and log in then initiate a withdrawal but now anyone at anytime can empty their account with a device in their pocket which means mass withdrawals happen before banks can respond

>>54827239
biz said it's a nothing burger and this happens all the time

>>54827341
The biggest failure of them all

>>54827271
>>54827295
Lmao that's retarded. We're not comparing standard of livings here. Based on actual impact washington mutual was much bigger, adjust for share of deposits or something not inflation, it should be twice that size.

The biggest bank failure in history was probably New York's bank in the great depression it was 5% of the entire money supply would be like >$1B today.

>>54827239
THIS TIME WILL BE DIFFERENT
THIS TIME I LIKE RAPE

Don't worry bros, Cramer said it's normal and we'll be back to regular business in a few months, we'll be fine.

>>54827750
cramer is unironically freaking out about it

>>54827348

>>54827965
Ahh, then it looks like his prediction will come true.
Our troubles are over brothers, Cramer would only freak out about a nothingburger.
Cramer was right again!

>>54827239
Uh yeah there’s more money in supply

>>54827965
It's ogre.

If I have 20k in my bank should I get it out in cash

>>54828051
We would never encourage a bank run here. That is irresponsible and illegal. The bank is handling your funds properly and there is a 1:1 for deposits. Everything is fine .

>>54828054
Funds are safu.

>>54827239
This crash will be epic. Bigger than the Great Depression. Just think of how small 08 will seem after seeing all the free money that was pumped in the last 3 years.
>>54828051
Only keep what you can afford to lose in a bank.

>>54827239
Is it that hard to just send the screen without the reddit?

>>54827239
This chart doesn’t make sense.

>>54827239
so we're just never gonna account for inflation, right??

>>54828458
here's one for retards

>>54827239
Where is Lehman?

>>54828493
im assuming no investment banks are included

>>54828228
Thanks anon

>>54828476
Still don’t get it
That 2008 bubble is way bigger than these 3

>>54827643
>>54827295
no one uses real infaltion numbers. not the fed or any journalists. of course reddit isnt going to do it

>>54827680
I WANT TO [BLANK] YOUR BRAINS OUT
I CAN'T CONTROL MY HORNY LEVEL

>>54828923
inflation
your money is worth 20% less than in 2008

>>54828923
what did bury say again. soon we find our X, patience

>>54827239
So is it over or are we back?

>>54828458
It omits the investment bank failures and shotgun weddings from 2008-2009 because they were not banks by definition. Also the finance departments of insurance companies and various other entities (like GM) that were acting as investment banks or shadow banks.

I'm not entirely sure where all the risk got pushed this time.

Reminder that bank failures are not bullish

>>54828981
They are if you short the bank stonkz0rz lol lol lol

>>54827239
It's not different, the plan is the same - consolidate smaller banks in "too big to fail" banks.

>>54827239
Where's Lehman Brothers and Bear Stearns?

>>54829183
Not banks

>>54827381

>>54830104
>banks_and_credit_score_agencies_today.png
The difference being?

>>54827239
I can totally feel this China collapse, bro!

>>54828964
New regulations created the private lending industry. Non-bank financial entities lending directly to businesses. Blackstone’s GSO unit is the biggest. They use money from pension funds, wealthy investors and listed vehicles (BDCs). That’s who’s holding the bags this time.

>>54830225
Switching from a multi actor complex system where you have to convince people if you want to do shady shit to literally just pressing a button.