Discover Financial Services $DFS is plummeting, -30% in freefall over the past 3 months. This financial nightmare unraveled as the credit-card company desperately set aside an alarming $1.7 BILLION during Q3 to brace for a looming apocalypse of loan losses
Biden on Student Debt Cancellation: “The Supreme Court Didn’t Stop Me”
President Biden is bragging the Supreme Court didn’t stop him from handing out still more inflationary free money.
mishtalk.com/economics/bide…
🚨 The FDIC concluded that 63 regional banks are on the verge of failing - CRE, auto loans, and consumer loans.
The conclusion was based on the CAMELS rating methodology. Here is what it means - a thread🧵