Taking Stock Ep23 - NYCB and Banking System
This week on Taking Stock, Chives was joined by Hoose to talk about the term meme stocks, GameStop’s credit card provided through Comenity bank, the banking sector at large, JPMorgan Chase’s plurality of customer deposits, and NYC Bancorp’s needing to be rescued by private equity. Many sources to be found at the bottom of the show notes today.
#Taking Stock #23
Twitter Link:
https://twitter.com/i/spaces/1MnGnMXWZWVKO
mp3 Link:
https://static.wixstatic.com/mp3/06e09f_39335cb95f6a4fae9c8d03e2484a8b75.mp3
#Important Reminders
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Listen to Taking Stock on demand (https://linktr.ee/takingstockpodcast)
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Join DRSGME Discord (https://discord.gg/EGvmpdGDm)
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Join Lemmy (https://lemmy.whynotdrs.org/)
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Visit https://www.drsgme.org and https://www.whydrs.org
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Terminate DirectStock (https://www.drsgme.org/terminating-from-directstock)
#Links and Resources
https://www.gamestop.com/TermsConditions.html https://d.comenity.net/ac/gamestop/public/home https://www.cbsnews.com/news/first-republic-bank-fdic-jpmorgan-chase-control/ https://www.nytimes.com/2023/05/01/business/first-republic-jpmorgan-fdic.html https://www.npr.org/2023/05/02/1173247344/with-a-recent-takeover-there-are-worries-jpmorgan-chase-has-grown-too-large https://www.npr.org/2023/03/13/1163138002/the-fdic-insurance-limit-was-last-raised-in-2008-heres-how-it-works https://www.reuters.com/business/finance/jpmorgans-deal-collapsed-first-republic-explained-2023-05-01/ https://www.forbes.com/sites/digital-assets/2024/03/04/us-dollar-collapse-bank-of-america-issues-shocking-1-trillion-every-100-days-warning-amid-huge-bitcoin-ethereum-xrp-and-crypto-price-boom-to-rival-gold/amp/ https://www.marketwatch.com/story/nycb-raises-more-than-1-billion-in-equity-investment-anchored-by-former-treasury-secretary-steven-mnuchins-firm-afdd2363 https://wallstreetonparade.com/2024/03/new-york-community-bancorp-was-jpmorgans-top-regional-bank-pick-for-2024-its-lost-73-percent-y-t-d-and-had-its-deposit-rating-downgraded-to-junk/