The S&L crisis of the 1980's cost taxpayers a reported $124B
Once the dust settled, it took nearly a decade to unwind because they ended up having to sell all the S&Ls in pieces.After all, no one wanted to buy more than 25% of any one S&L or would become subject to the Fed's banking regulatory regime, making the current banking meltdown vastly worse.
It took years to unwind the S&L crisis by the Resolution Trust Corporation (RTC).
They closed 747 S&L's with a assets totaling $407B.
*SVB had $212B in assets
*SBNY had $110B at end of 2022
*FRC had $205B
*PACW $41B
*WAL $65B.
*SVB had $212B in assets
*SBNY had $110B at end of 2022
*FRC had $205B
*PACW $41B
*WAL $65B.
That's more than $630B in assets between the first 5 banks that have or are expected to go under.
The big banks don't want to touch the toxic banks, and the Fed wants desperately to avoid having to sell failed banks in pieces smaller than 25% to private equity, thus losing control.
It looks like this mess is just getting started.
RIOT/ COIN/ MSTR/ MARA are the top watches for continuation next week- Trades have triggered!!
Good Trading!
Suzan
The big banks don't want to touch the toxic banks, and the Fed wants desperately to avoid having to sell failed banks in pieces smaller than 25% to private equity, thus losing control.
It looks like this mess is just getting started.
RIOT/ COIN/ MSTR/ MARA are the top watches for continuation next week- Trades have triggered!!
Good Trading!
Suzan
Trading Risk Disclaimer
All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interests or any other trading securities.
All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interests or any other trading securities.
➤ This article includes a recent trade of mine that I've shared in the Trading Room.
➤ For a complete list of our services, please click here.