The four biggest U.S. banks lost $52 billion of market...

The four biggest U.S. banks lost $52 billion of market value Thursday, part of a broad rout across financial stocks.
https://www.wsj.com/livecoverage/stock-market-news-today-03-09-2023/card/four-biggest-u-s-banks-lose-47-billion-in-market-value-8fmAmiqs4PDb1F60OSFg

Like 11 Mar 2023 at 23:30 | Open on mas.to

5 comments

Shadow Heart

@yogthos here comes another market collapse followed by massive bailouts.

11 Mar 2023 at 23:35 | Open on mstdn.social

Yogthos

@Sh4d0w_H34rt the 10 year capitaliat cycle identified by Marx continues like clockwork

11 Mar 2023 at 23:42 | Open on mas.to

Shadow Heart

@yogthos yep and the ones who suffer are the poor while the rich stay safe.

11 Mar 2023 at 23:43 | Open on mstdn.social

Yogthos

@Sh4d0w_H34rt system works as designed. In fact, such crashes tend to result in further wealth consolidation as large numbers of people become insolvent and the mega rich buy their assets for pennies on the dollar.

This is like a black Friday for billionaires.

12 Mar 2023 at 0:01 | Open on mas.to

DELETED

@yogthos reminder: that's our money.

13 Mar 2023 at 4:34 | Open on mastodon.social

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