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324
fdhfoiehfeoi
2024 Apr 29, 9:38am
fdhfoiehfeoi
2024 Apr 29, 9:38am
Local credit union where I live has been taken over. Was already under restrictions about how much debt they could have due to failed audit(?) or similar by Feds a few years back. Before I chose a new local(semi-local) bank, took a look at their financials. This one hired some VP who didn't know lending regulations from his ass, so stayed away.
325
MolotovCocktail
2024 Apr 29, 9:44am
MolotovCocktail
2024 Apr 29, 9:44am
NuttBoxer says
What do.you mean by 'taken over'?
Did another credit union buy it?
Local credit union where I live has been taken over. Was already under restrictions about how much debt they could have due to failed audit(?) or similar by Feds a few years back. Before I chose a new local(semi-local) bank, took a look at their financials. This one hired some VP who didn't know lending regulations from his ass, so stayed away.
What do.you mean by 'taken over'?
Did another credit union buy it?
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Oh yeah, and to once again blow away the bullshit about everyone being insured, read the article about how some depositors will have to pray dividend sales will someday return their deposits to them.
For some fun search bank run and see what some of the top images are.
https://www.zerohedge.com/markets/300-billion-reasons-why-svb-contagion-spreading-broader-banking-system