Recent comments in /f/wallstreetbets

VisualMod t1_jdboj7k wrote

Reply to 2020 Election Season… new strategy for 2024? by [deleted]

>There is a very real possibility that stock prices in the companies that own FOX News, CNN, and CBS could grow by more than 200% during 2024's election season. This would be due to increased viewership and advertising revenue as people tune in to see who will become the next president.

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VisualMod t1_jdboiw9 wrote

Reply to 2020 Election Season… new strategy for 2024? by [deleted]

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wallstreetbets-ModTeam t1_jdbnl6p wrote

Reply to Thoughts on First Republic bank by brosako

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accountedly t1_jdbn4dh wrote

Reply to comment by brosako in Thoughts on First Republic bank by brosako

They are fine to continue operations as is for a few months. After that it’s not clear. They just hired McKinsey and Lazard to explore options. Asset sales, selling the company, etc are on the table.

I bought Citi in 2008, quadrupled my money in a year.

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accountedly t1_jdbmq3k wrote

Reply to comment by brosako in Thoughts on First Republic bank by brosako

No as you said I don’t think they are going out of business. A lot of banks have the same issue so the government is going to have to intervene in some way most likely, they are figuring out what right now.

The time extension allows the situation to cool and deposits to return possibly plus the government can fully evaluate the situation across all banks. It’s not just this bank.

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brosako OP t1_jdbmpr4 wrote

Reply to comment by lschoch2 in Thoughts on First Republic bank by brosako

I mean comparing to other stonks, FRC has real customers, they are super happy.

Ok, some cashed out, but still deposits on sheet are huge. Gap is filled by Fed. I can not see how these guys are going out of business…

Something similar with BAC years ago when Buffet backed them

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brosako OP t1_jdbmjv5 wrote

Reply to comment by accountedly in Thoughts on First Republic bank by brosako

But what’s point to back bank and send to foreclosure? They must have problems with taking those billions later.

I just have a feelings big 4 looked into their sheets and like dude these guys haven’t done anything wrong besides placing funds in safe bonds, their customers are super attached to them, even after bank run holding 100B$ that’s still good amount. Basically they need couple years to make money back.

I just can’t see how these guys are going out of business.

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accountedly t1_jdbm8h1 wrote

Reply to Thoughts on First Republic bank by brosako

It has a large amount of treasury bonds paying low interest. When the mini bank run happened it was forced to borrow a few billion at higher interest rate.

The big banks deposited the bank run money back into FRC at the request of the Fed to give it four months to sort things out without having cash problems.

Everyone is on record signing on to keep this bank alive and it’s something everyone is aware of so I think they are forced to keep the bank alive to maintain bank confidence.

What will they do exactly? Unclear, maybe enough deposits will return in the best case. Maybe the government will make some AIG solution . Maybe someone will buy them with a Credit Suisse type deal.

Idk four months is a lot of time for them to figure something out.

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