Flagstar Bank and Zion Bancorporation May Be In Trouble Soon
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- Опубликовано: 3 окт 2024
- Trouble may be brewing at Flagstar Bank and Zion Bancorporation. These banks are way over exposed to commercial real estate (CRE) and this means trouble as these mortgages are failing.
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Развлечения
Used Car Dealer in Northeast College Town:
May is our biggest month due to graduation. Last May we sold 20....this May.....7. We don't finance or take trades. We DO own our vars, no Floorplan.
We have 25+ cars between $7,000 and $27,000, mainly Hondas and Toyotas. Only cars selling in last two months are cars under $9,000.
Our two repair shops are busy, including transmission replacement and engine replacement, which costs $2,500 to $4,500. People are holding on their cars. We calls weekly for the $3000 car.
I miss the $100 beater you could run for 2 years.
I must be old! Lol😊
Even paying $4500 for a new engine beats buying a $45,000 new car.
Get your money into your own possession people. Or at a minimum get it into a credit union.
Are credit unions protected from collapse? Not that I like the big banks but wouldn’t they be more protected under the so called to big to fail? I am actually going to start a savings with a local credit union today for my 2 nd bank
@@JV-zt8lcthey have less exposure to the derivative debt that all of the banks have. Less likely to collapse from the domino effect.
@@jasonschneider5293 ok. I’m going to slowly move the majority over. It’s something I’ve wanted to do for maybe 10 years. I hate supporting the big banksters. I just hate switching over all my autopay and direct deposits
@@JV-zt8lcI hear ya. It blows. It’s also one of the main reason that banks love to get your deposits and set you up on autopay for your bills because they know it’s way more likely that you won’t leave. Been in commercial banking for 15 years and we give customers breaks on interest rates if you sign up for those types of products.
Credit unions are no better they are also freezing accounts and holding people's money.
🎉🎉🎉 This is the writing on the wall! Thank you Ninja for everything you share with us. Blessings,Carlos ✝️🙏❤️😊🇺🇸
✨Nice set studio set up✨ Definitely starting to hear about bank fragility- multiple US Bank locations closing in ID and MT. Thanks for the update 😎⭐️✨
Flagstar, one of my local banks, Thank You!, i got out 4 months ago.
if you had more than the fdic limit, probably good to move some out, otherwise not really needed... bank were you love to bank and know the FDIC deposit insurance protects your money in deposit accounts at FDIC-insured banks in the event of a bank failure. Since the FDIC was founded in 1933, no depositor has lost a penny of FDIC-insured funds.
Good morning ☀️ Ninja
And Ninja Nation ☀️✋
Buy silver and platinum and crystallized Osmium
This studio is much better than car or walk and talk. Thanks for information.
Beans, seeds and cordless hole puncher w/extra hole makers
Really digging that RGB.
Had a CD with Zions which just matured and paid out.
a q1 presentation by zions quotes, "Commercial Real Estate Summary ($13.6 billion balance)
" the article you show from mpamag calls out 26 bill in cre, quite a large difference there. I wonder why the difference.
Get your money out, people !
took alot out but still need a bank
Love the set up!🎉
Wow, my old mortgage was with Flagstar
They hold ours currently 😩
Mine also, what does that mean for us?😩
Zion owns Vectra bank of Colorado. They own a lot of local banks. Oh oh. I got Vectra bank. Time to move everything over to Chase bank. But no Chase banks here. What a nightmare this is gonna be. I’ll have to stop all auto debits first. Then get all retirement checks switched. Then close the accounts. What a royal pain in the A.
How do I take advantage of this 0% interest loan, please share ninja nation, this is hard to believe. My credit is 840 and I am ready to invest.
Zions has been on my watch list.It's #36 with 23+ billion $ in derivatives and #3 in unrealized losses and liquidity risk.Flagstar isn't listed on those 2 lists I saved.Got most of my available savings in hard assets.
Hey Ninja, I hear what you’re saying about preparing for the future with silver etc. I just bought my first precious metal. As far as buying homes when things crash, that would be great, ours is paid off, No debit. We are in our early 60”s I don’t want to have mortgage debt period. Will things get to the point of buying that little 50k etc.
Oh snap!! Flagstar Bank holds our mortgage!
Mine also, what does that mean for us if this happens?
In the last year, NYCB changed or merged to become Flagstar.
When New York decided to turn President Trump into a political prisoner and run election interference tactics against him, I left that bank with my deposits in retribution.
Brought my savings back to Texas.
Do you think that the residential loans that these failing banks have on their books will get bought up by the big banks or a government controlled lender?
Second this question @financialprepper
Great information brother 👍
What list(s) were these banks at the top of? I want to see the list to determine if my bank is on it?
Good question. As far as I last knew the FDIC wasn’t going to release any bank names to prevent bank runs.
Good question. As far as I last knew the FDIC wasn’t going to release any bank names to prevent bank runs.
Surprised they’re not saving the Zion one as one of the last to remain standing 👀
HELP US OUT HERE -- Instead of links to 'things you use' and 'things you sell', how about a link to the article you are reporting about?
"Shouldn't stress me out" except that my business accounts are with one of ZBC's wholly owned subsidiaries.
He obviously was talking to those who are wise enough to have taken his advice from any of the two years worth of advance notice that this was coming to NOT leave your business account or any account with any one bank or any struggling bank
Well, now you're closer to the door before people smell smoke and yell fire. So, maybe do some banking today.
This not good my mortgage is with the one.
Wouldn’t be surprised if your mortgage was already sold to another company. That happens quite often.
Flagstar bought my mortgage from Countrywide back in the day.. they seemed a little sketchy.. a diversity hire bank.
We need the snaps first, dont start the video without the snaps
Wednesday’s announcement puts the policy rate at 4.75 CANADA
fancy dancy microphonus !
My lord ninja turn that light down 😂🎉❤
FYI - NYCB and Flagstar merged earlier this year
NYCB has been in the crosshairs all year. Mnunchin’s group infused a ton of money, but it may only have bought some time. We have been with them for 40+ years, when they were a small NYC based community bank. Have diversified our accounts in case they go fully under.
I agree with you completely on your pessimism about Regional banks. Are you buying k r e puts?
I like this channel however, dave ramsey i believe would disagree w the speculation that real estate is going to crash...
Thanks for the channel.
Like all of your disco lights 😂
👍👍👍👍🏽
Flag star is NYCB.
What happens to a loan when a bank goes down?
Another bank buys the loan and you start paying that bank
@@Jho_Sephine Thanks
My bank just froze my money ..coz they need more documents... regions bank .. scary or make me think..here in Nashville Tennessee
We live in Dover and bank with Regions. Thanks for posting.
@TheEconomicNinja THUMBS DOWN TO GET YOUR ATTENTION, I HOPE… I love your videos, but I have a problem focusing on what you’re saying with the changing colored lights. PLEASE GET RID OF THE CHANGING COLORED LIGHTS ! ( It’s similar to Neal MacCoy Ward when he tried adding music to a video, everyone said they couldn’t focus on what he was saying.
I’m trying to absorb, learn and memorize what you’re teaching, please don’t kill my focus! Blessings!
Ninja, do you know anything about Old Glory Bank? Reputable?
I miss the $5 mic!
Our Mortgage is with Flagstar Bank😳
Mine as well. I presume it will be bought by another bank. JP Morgan is the favored bank which has been allowed to purchase failing banks assets.
RWA!
There already tokenizing stuff.
Hopefully goes on XRP ledger
My so-called 'local bank' is a Zion Bancorp bank. Only other option in my small town is a credit union which I'm already diversified into. Wondering when I should move 100% into the CU.
Might not hurt. Take 30% out period of both for safety. Literally bury it in a mason jar with oxy absorbers or desiccants and the lid dipped in hot canning wax to prevent corrosion to the metal. Or small jar in a bigger jar. 🎉
@@JFEnterprize i only keep enough in to cover expenses. Anything extra get converted to metals.
Why tell people to have multiple accounts? we don't know these banks are going under until it's too late. Your money is safest with you in your possession. You can't vet these banks to know whats going on before you open an account, you're going in blind just like you did with whatever bank is screwing you now. Or worse, that bank its bought by another bank you don't trust and you're back to being screwed. It just doesn't make sense for you to tell people that, if you don't have answers its fine, but opening more accounts and international ones at that is not wise. Internationally we are not liked right now, they are ditching the dollar all over the place, why tf would someone trust their money outside of the US during this time? I mean c'mon.
I think he says this for those who have more then is covered by the limit covered by FDIC insurance????
@@Ike-1782 Yes, he's speaking from a growth and business-building perspective. If I'm crushing it, and get into a Canadian or even a US out-of-state business opportunity, I need digits able to move digitally, and the ability to get my hands on them, so everything at one place depending on that place's solvency is no bueno. @economicsmajor is also right, hold your stuff and control it, from perspective of it's crashing, get it out. But, for your needs and wants in the meantime, when dealing in the system, Ninja's making the equally important age old point of don't put all your eggs in one basket. So, nobody's really wrong or lacking sense, here.
or you can live worry free that no one has lost any thing in any bank failure under the fdic insured limit....
OR get out of the banking system. I have very little left in American banks as it’s all going to crumble, it’s a matter of time. Results of the next 2 quarters will show even more banks failing.
if you can't lick it 👅you don't own it 🪙
😂😂😂😂
You wanna share biden,s ice cream🎉😂
I can't lick crypto, which I highly encourage as part of your diversified assets, but I can lick my Trezor and Ledger hard wallets 😊😊😊
@@dougcook5167 Cold Storage Baby 💪
Wow Ninja! That mic is as big as your hair! Please turn off the LEDs they are distracting. Just because you can put LEDs in something, doesn't mean you should! 😊
That and the light that's reflecting off his face and board in the back.
🤣🤣🤣
I like them😊
Disco Ninja!
Green red toy unnecessary.
Zion is my bank.
Look at ur fancy editing development 😁
For the algorithm.
Most banks will still be around after the crash, but they'll only lend to excellent credit customers. Pay off debts and get your credit scores as high as possible to be among the few to which banks want to lend.
Hit 200k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022
How please...?
I've been investing in Bitcoin by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?
I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance
She's my family personal Broker and also a Broker to many families here in the United states, she is a licensed Broker.
😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!
Shifty Mormons
oh please...
The LDS Church sold its controlling interest in Zions Bank in 1960. At that time, Zions Bank became a public company through an initial public offering (IPO), and the LDS Church divested its controlling stake, transitioning the bank to a broader ownership structure. but you keep holding onto your story 64 years later....
don't know how to make money
Zion survived 2008 without needing a bailout so idk if they're failing
I tend to agree w this statement. I believe Zions is super strong. But, I don't know this...
A q1 presentation I am reading right now on the zions corp site shows the cre at half of what the article shows...hard to know what to believe. let's see what their earnings call for in a few days, they'll clearly have to report the CRE balance there.
@@mikethomas7138 let us know what you learn plz
Please how can I gain financial freedom/independence through cryptocurrency?
The problem some people are having today in cryptocurrency is engage on self trading without asking questions.
Rushing into crypto and started trading on your own can cause so many lose because crypto is unpredictable,it can bring ridiculous to your financial status.
A good Analyst that’s well educated will first educate you on what crypto market is all about and it potential growth.
Do you know anyone who’s professional on this?
Ethics of crypto and stock helps in making hug profit in cryptocurrency I can actually said that I really enjoy everything about trading strategy, buy and hold are not the main ultimate to grow in trading get a strategy planner and start making profit