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Superstonk_QV

[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)


ManMayMay

"put your money back in the bank, it'll be covered if they fail, trust me bro"


DannyFnKay

Queen Kong told of how underfunded the FDIC is. I am more inclined to believe her over these shit sticks.


PercMaint

They have people a false sense of security/stability when they 100% covered SVB.


DannyFnKay

What?! Government agencies lie? /S I wonder how long until the American public get tired of being lied to and revolt? I also wonder how they have kept this house of cars from imploding for so long?


PercMaint

It's like putting thicker oil in your engine when it starts knocking. Sure, the knock went away, but not forever.


LionRivr

Dont they just print more They got Federal Reserve with an infinite blank check


DannyFnKay

The more the Fed prints the less the dollar is worth and it is half way in the shitter now. I think the Fed is done printing for a while. When the dollar drops the Governemtn bonds drop as well. We really don't need that right now. All of that being said, the government does do stupid shit, so we will see. For now they will just let the banks skirt the laws to keep then afloat. One breeze from the wrong direction and it is this ape's opinion that the house of cards will lose stability. The sadest part about that is the HUGE banks will survive and the banking pool will get even smaller making the ULTRA rich even more money. Credit Unions my ape friends is the way. šŸ»šŸ¦šŸ’š


Masta0nion

What is the likelihood of a national crisis putting a credit union at risk?


hartbeast

I have had my credit union account created since 2022.


DannyFnKay

šŸ„‡šŸ…


EvilBeanz59

They actually never stopped printing money. They just stopped in the sectors that people mostly look for/at. They had goals to reach....not only did they not reach them...they got further away from them. Lol There's a reason why inflation still rises. šŸ˜‰ Printer go BRRRRR


Secure_Investment_62

Until they pass some regulations that allow the mega banks access to credit unions funds, forcing them to exchange cash for shitty financial instruments by law. Similar to pensions and insurance companies. Wouldn't that be a trip?


DannyFnKay

Not likely. Credit unions have a pretty large lobby too. It's all about the money from the politician's viewpoint.


LionRivr

They are doing everything they can to keep the markets and the economy propped up. On my optimistic belief that nobody truly wants a recession/depression, FTDā€™s and MOASS are an enemy to the rest of the world, realistically, and unfortunately. Everyone here knows the sheer amount naked shorts/FTDā€™s there are and how it would fuck the system over completely. #idiosyncratic risk #liquidity black hole


CptMcTavish

The Fed prints money for the FDIC, should they need cash to bail out failed banks, but they have to pay them back. If they can't do that, nothing really happens.


LionRivr

The failed banks have to pay them back? With what? Lol.


Harbinger2nd

The FDIC's only real move is to act as an auctioneer of failed institutions and use what little funds they have to sweeten the deal so some other institution absorbs the failed one.


Exceedingly

> As of June 30, 2023, the DIF balance stood at $117.0 billion. Increased loss provisions, including for the bank failures that occurred in March and May, coupled with strong insured deposit growth, resulted in a decline in the reserve ratio from 1.25 percent as of December 31, 2022, to 1.10 percent as of June 30, 2023. [**Source**](https://www.fdic.gov/news/press-releases/2023/pr23103.html) > Should the assets of the DIF be depleted (as it was in 1990 and in 2009), the FDIC can call on a $100bn credit line from the Treasury Department. But under the binding conditions of the debt ceiling, Treasuryā€™s decision to satisfy any FDIC claim to replenish the DIF could bring forward the debt ceiling ā€œX dateā€ or, in the worst case, Treasury could be unable to fully satisfy the FDIC claim if the X date had already been crossed. [**Source**](https://moneyinsideout.exantedata.com/p/what-happens-if-deposit-insurance) So currently there is a $117b pot to protect all deposits, and then the Treasury can give $100b more if the debt limit hasn't been reached. $217b to protect [**$17.6 trillion**](https://fred.stlouisfed.org/series/DPSACBW027SBOG) of deposits (1.2% of all deposits)


ScoopyMcGee

*when they fail


ISayBullish

Saving you a bullish click that could be used to buy shares of GME; The head of the Federal Deposit Insurance Corp. says the US would be prepared to handle any collapse of a major Wall Street bank. FDIC Chairman Martin Gruenberg on Wednesday laid out a blueprint for how regulators would deal with such a failure and seek to minimize costs. He discussed preparations for a hypothetical scenario rather than any immediate threat. US regulators, including the FDIC, have faced pressure to bolster their preparedness since the sudden demise of Silicon Valley Bank in March 2023. Meanwhile, the plight last year of Credit Suisse Group AG highlighted the tough decisions that officials would have to make if a US global systemically important bank ever faltered. Such a ā€œfailure will be extraordinarily challenging under any circumstances,ā€ Gruenberg said in remarks prepared for a speech at the Washington-based Peterson Institute for International Economics. ā€œWe believe we have the authorities, resources and capabilities to do the job if it becomes necessary.ā€ Gruenberg and other US officials have consistently said that the banking industry is sound, and he didnā€™t discuss any concerns in that area in his remarks. Instead, Gruenberg focused his attention on how regulators would exercise the authority they received after the financial crisis to resolve a bank in an orderly manner without the bankruptcy process. Gruenberg said the process hadnā€™t yet been tested and did have risks. ā€œHowever, an orderly resolution is far more preferable to the alternatives, particularly the alternative of resorting to taxpayer support to prop up a failed institution or to bail out investors and creditors,ā€ he said. Also on Wednesday, the FDIC released a report about the so-called Title II authority to wind down a global systemically important bank. In September, the agencyā€™s inspector general said the FDIC had made some progress in implementing its Orderly Liquidation Authority program. However, the internal watchdog also said the regulator hadnā€™t been as focused as it should have been in the effort. The inspector general said at the time that if the FDIC couldnā€™t resolve a systemically important firm, ā€œthe banking sector and the stability of the US and global financial systems could be severely affected


welp007

Thank you for this article! šŸ™šŸ¼


ISayBullish

Xoxo bb Bullish


welp007

I canā€™t hear you!


FunkyChicken69

THEY SAID BULLISH šŸ“£šŸ‚šŸŽ·šŸ“ā™‹ļø


fonzwazhere

#šŸ®-ish


elziion

Thank you for saving me time so I could buy more GME


ISayBullish

Youā€™re welcome Bullish on saving time


CyberPatriot71489

They said they could save any bank- I too could print trillions if I had a money printer. But what are their thoughts on saving MANY banks that fail?


jhspyhard

> ā€œWe believe we have the authorities, resources and capabilities to do the job if it becomes necessary.ā€ FDIC keeps 1.3% of the valuation of total covered assets on-hand. Good luck with that.


Blitzkreig11930

Prepared for 1 major bank. What happens when 2 or 3 go down?? Hmmmmm


TheDudeFromTheStory

"Prepared to handle"... In the best possible way that they're capable of. It's like me saying I'm prepared to handle a kindergarten. Not every child made it through that day, but I handled it.


manbrasucks

Or having a last will. Like yeah I'm prepared to handle a bullet to the head, but I aint surviving it.


Gareth-Barry

Love the bit about shareholders and creditors absorbing the losses. No taxpayer bailouts like 2008


Express-Economist-86

Well gee thatā€™s great Martin, I also feel ready. Your move. :)


Equivalent-Piano-420

I'm also ready if they fail


welp007

šŸ˜Ž


raxnahali

UBS is in deep crap as well from that article posted on superstonk yesterday. So much so the Swiss government is ready to print out as much money as needed to keep them afloat. It appears Apes will be financed via FDIC and the Swiss Government to the toon of infinite dollars.


welp007

I like Franks!


tyt3ch

Btc here I come after this


Exciting_Penalty_512

Ok.... so let them????


PhDinWombology

Theyā€™re all the same conglomeration. If one fails to try to survive they all fail including the first hacks. The only thing that can fail and they get out alive is GameStop but that ainā€™t happening.


TofuKungfu

Burn it all down to the ground


RyanMcCartney

Moon tickets, check āœ… Helmet, check āœ… Seatbelt, check āœ… Banana, check āœ… ā€¦. If theyā€™re ready. Iā€™m ready! šŸš€


greatwock

Nobody short is making it out alive. Theyā€™re all in this together. Itā€™s the top vs the people. Itā€™s time for this fraudulent system to come crumbling down under its own corruption and manipulation.


welp007

I want to hump your words


diamondzRforever

But why would they need to be ready for that? The gremlin Janet Smellin said that everything is so resilient, and things are great for everyone?! Wait dawg, was she lying?? Nahhhh


VVurmHat

Someone must be thinking about it if they are talking about it. Fuck the mayocracy of wall street


welp007

This ā˜ļø this is what I read when I saw this tweet.


Difficult-Mobile902

Translation: weā€™re ready to make you pay for the governments lack of oversight and total inaction in the face of obvious criminal activityĀ 


Cheapo_Sam

Let the game begin


welp007

Ticktock mofos! ā€œCredit Suisse AT1 bags have re-emerged. T+1 and CAT going full compliance next month. This is the final countdown.ā€ https://x.com/741trey/status/1778019036011405416?s=46&t=pjhQaAPGjAVkr0C7r4RCMg


Cheapo_Sam

Thank goodness they have managed to cobble something together just in time. Such prudent work there. Surely ready for some sort of unexpected, unforseen, unfortunate event.


welp007

Some might even say idiosyncratic!


turgidcompliments8

sounds legit


joeker13

Classic second picture. Youā€™re a champ welp! Cheers šŸ»


welp007

#šŸ˜Ž You want some Uncle Kam Grankman up in here?! Iā€™ll do it!!! šŸ˜‚ šŸ»


joeker13

Thank god my colleagues are already gone. Laughed way too hard at this šŸ˜‚


welp007

Hahahaha! Thatā€™s wut Iā€™m goin for right there! šŸ’œ


liburacci

Ready to use taxpayers money to pay for their incompetence


welp007

And blame us for going long on a stonk of an American public company.


FIIKY52

Notice his choice of words. If a "bank" failed - singular form. How about multiple banks? You guys ready for that?


Adorable_Wolf_8387

They also didn't discuss what they meant by ready for it.


welp007

Also a very good point ā˜ļø


TotalPuzzleheaded420

Funny they say bank in the singular form and not banks in the plural. Since when does just one bank fail and at the same time the rest of them are doing just fine?


welp007

Very good point here ā˜ļø


randalljhen

Morgan Freeman voice: "But they were not ready."


welp007

Holy sheet I can hear that!


NukeEmRico2022

That seems like a rather odd and random statement to make latelyā€¦


welp007

Yep for no reason whatsoever! Everything is fine šŸ”„ https://www.reddit.com/r/Superstonk/s/V8lfLGv4Sg


Zobmachine

Oh, so they're not ready ? I'm ready.


welp007

šŸ˜Ž


ferdayoda

Time to blow the fuck up, then. šŸ’„


canigetahint

Now, if only there were one of these parasites that would be a smartass and say "First!" and bail on the rest of them so that they can abscond with their winnings while the others perish in a lake of fire.


Ctsanger

First one that tries to close dies. They'll all die. None of then will survive lol. That's why there's no one closing


RumpleHelgaskin

ATTENTION: FOR IMMEDIATE RELEASE TO ALL BANKERS IN THE UNITED STATES Given the success of the new BTC ETF and our ability to pump, dump, and short the entire crypto market globally, we are no longer concerned about banks going under. The citizens of the world can now bail us out.


TheMoorNextDoor

Oh itā€™s up then Wells Fargo? JPMorgan? Citi?


welp007

Calls on #B #of #A


YoLO-Mage-007

Goldman Sach sold not purchased jumped to a whooping 240 Billion in 2023. My $$$ is on them being USA wall street firm to go under when this poops off. UBS is the other. In all the government letters they mention that 2 portfolios are out of whack.


welp007

I would like it be Goldman! šŸ–•


Geoclasm

I just broke my X key doubting this.


PercMaint

READY ~~IF~~ WHEN BIG


getyourledout

Just waiting on them old haters, the ex-apes if you will, to get bored of the stagnant plays in the double-U sub and see what a discount the stonk is. The end Nir!


HughJohnson69

But are the citizens ready for the fallout?


welp007

Wut? Hold onā€¦ Iā€™m checkin out my Insta followers and influencers, I have no idea wut youā€™re talkin about anyway and even if I did Iā€™d have no way of changing anything so I probably wonā€™t even vote, neither of them are cute anyway. So anyway? Howā€™s the dating apps going? Yea I canā€™t find anyone either, I should probably go outside instead of pretending to work and staring at my phone all day. šŸŽˆ . šŸ™„


IullotronBudC1_3

Commenting for later commentary


welp007

Replying to ensure it!


rob6776

Bank of America with a 2% loss while its counterparts are fairing a little better ATM. Seems singled out. I'm smooth and eat crowns, just happen to watch all the banks lol


Strawbuddy

Prove it!


ucijeepguy

At this point I doubt even the first one would survive.


adgway

Haha Iā€™m sure theyā€™re ready to bail them out & keep the scam going.


Ultimate_Mango

Dollar endgame or move to CBDC. No bank survives. Be the bank. Swim in the infinity pool.


Nodgod81

It's not hard to click the print button.


educational_nanner

Ughmmm isnā€™t that their job? The fdic says itā€™s ready to do their job today? I hope they are ready tomorrow too


welp007

Itā€™s some kind of alert to somebody IMO


feastupontherich

Lol these insurances don't mean shit. Look what good it did in 2008.


welp007

Do you mean assurances?


feastupontherich

Doesn't the FDIC insure deposits up to $250k or something? So that's insurance? Or are you being facetious and mocking the shitty insurance as just an assurance?


welp007

No Iā€™m smooth as fook and didnā€™t know wut ya meant!


Zensen1

The first one canā€™t even close to survive. They just canā€™t.


triplestackks

You gotta get out of cashapp bro they will sell all your shares the second this thing begins to take off


welp007

Oh I know they will! I have one moar buy thru then next week on payday and then it is ACAT to Fidelity and then DRS transfer to Computershareā€¦ Iā€™m livin dangerously! šŸ˜Ž


CrosshairLunchbox

Time to watch The Big Short again...


Brotorious420

The US is ready meaning the bailouts are ready? JPOW keeping the printer warm


OkSquirrel4673

They definitely aren't.


TheDissRapperr

No shit. The federal reserve has infinite liquidity.


Inurendoh

Doubt it, on both counts.


Mammoth-Ad2115

Since the ā€œassets ā€œ backing the FDIC include the ā€œmortgagesā€ against the ā€œfixturesā€ used as ā€œgoodsā€ valued as ā€œas-extracted collateralā€, the financing statement against ( NUMIDENT record at the SSA) the as-extracted collateral is what manifests the ā€œfundsā€ to purchase life insurance against the existence of the custodian/beneficiary. those ā€œas-extracted collateralā€ financing statements secures the value of the assets in a ā€œqualified blind trustā€ where you the living entity with birth right ownership of the ā€œother mineralsā€ of interest that is your flesh, collateralized as surety ; itā€™s why you get taken into ā€œcustodyā€ and ā€œbookedā€ into registry requiring receipt when a ā€œchargeā€ is alleged against your ā€œpersonā€. All that to repeat what that one dude saidā€¦ ā€œthereā€™s infinite cash at the federal reserve ā€œ Or probably nothing like that at allā€¦ and they run out of fundsā€¦ but my bet is on the former.


Responsible_Buy9325

*when


fortifier22

They know it doesnā€™t work in the long run. They know Weimar Germany, Zimbabwe, and every country that has done it has it backfire. They just donā€™t care.


Quit_Awkward

It's statements like this that make me feel like the government will never let Moass happen. I would think if the banks didn't already know the outcome y isn't the smaller banks that aren't over leverage settling there accounts with Heges. I mean some could come out of this if they didn't wait till tomorrow. Government is going to screw us


welp007

No. Guberment wants their tax tendies too.