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Banks Might Have Stabilized, But The Biden
Contagion Is Still Spreading

Original Article

Posted By: RockyTCB, 3/24/2023 5:42:51 AM

"The U.S. banking system is sound and resilient,” Federal Reserve Board Chairman Jerome Powell said on Wednesday in an effort to calm depositors worried about more bank failures. That was the same day the Fed raised interest rates another quarter point to deal with inflation that has been running at four-decade highs for nearly two years. The two problems, along with so many others that families are confronting right now, have a common cause: President Joe Biden’s disastrous economic policies. While another banking crisis might have been contained – a reassurance we take with a grain of salt – the Biden crisis will continue to metastasize

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Reply 1 - Posted by: Californian 3/24/2023 7:01:55 AM (No. 1432257)
Deutsch Bank and UBS now on death watch. US banks just "borrowed" 164 billion in tax dollars from Fed. Everything is great!
4 people like this.

Reply 2 - Posted by: bpl40 3/24/2023 7:51:40 AM (No. 1432285)
Accenture laid off 19,000. Amazon 9000. The turkeys are coming home to roost. For the next 18 months at least don't buy anything major - period.
0 people like this.

Reply 3 - Posted by: snapper451 3/24/2023 8:20:41 AM (No. 1432310)
This is all intentional, part of the Great Reset that the communists of the WEF want. A president with applesauce for a brain is their best tool to destroy America.
5 people like this.

Reply 4 - Posted by: stablemoney 3/24/2023 8:48:23 AM (No. 1432329)
The left created the crisis to finish nationalizing the financial sector. They have already nationalized health with the pandemic. And energy with the climate hoax. Congress has already been taken over and made into a weak rubber stamp by the Democrat RINO coalition. Bills are passed by omnibus. Local police have been replaced by defunding, and takeover by the FBI. The schools were nationalized by the unions long ago.
1 person likes this.

Reply 5 - Posted by: paral04 3/24/2023 9:10:25 AM (No. 1432350)
Of course he would say that. Is he going to admit that they are a bunch of idiots?
1 person likes this.

Reply 6 - Posted by: MickTurn 3/24/2023 2:26:11 PM (No. 1432605)
Bubonic Plague was nothing compared to Joey's policies.
1 person likes this.

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Banks Might Have Stabilized, But The Biden
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Posted by RockyTCB 3/24/2023 5:42:51 AM Post Reply
"The U.S. banking system is sound and resilient,” Federal Reserve Board Chairman Jerome Powell said on Wednesday in an effort to calm depositors worried about more bank failures. That was the same day the Fed raised interest rates another quarter point to deal with inflation that has been running at four-decade highs for nearly two years. The two problems, along with so many others that families are confronting right now, have a common cause: President Joe Biden’s disastrous economic policies. While another banking crisis might have been contained – a reassurance we take with a grain of salt – the Biden crisis will continue to metastasize
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