Investing Power Hour #56: No MSFT/ATVI Deal; Big Tech Earnings; Update on Banking Crisis
Chit Chat Stocks
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The FDIC Insurance Fund and the Systemic Panic Crisis
The big US banks who've already propped it up into doing one more favor. The pitch will go something like this, purchase bonds from first republic and above market rates for a total loss of a few billion dollars or face roughly $30 billion in FTIC fees when first republic fails. So if they're able to kind of prop it up by buying these bonds, it might not solve the entire problem. There might still be kind of withdrawals and deposit outflows. But they said, if they can get the $30 billion from these other banks, essentially taking a loss, it's going to lead some of the other kind of third parties that were interested in helping give some money say they
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