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6/16/2025, 1:20:04 PM
>>507578609
>tier 2 commercial depository banking sector
and while we are on this subject:
US credit unions and community banks (which are regulated outside the Fed and insured by their own pool) are the real economic engines of the local economies and are greater in number (5,000, not counting branches) than bank holding companies under the Fed (4,000 and getting fucking smaller every day as the NYFed’s primary dealers acquire the other bank holding companies and regional banks pic related kek)
If the Federal Reserve Note does crash, Americans can then move to the credit unions, community banks, etc, and we can then issue debt-free US Notes again for commerce, as they were intended to be. These credit unions and community banks also don't hold all the shit MBS and CRE debt, they are much more solvent.
>tier 2 commercial depository banking sector
and while we are on this subject:
US credit unions and community banks (which are regulated outside the Fed and insured by their own pool) are the real economic engines of the local economies and are greater in number (5,000, not counting branches) than bank holding companies under the Fed (4,000 and getting fucking smaller every day as the NYFed’s primary dealers acquire the other bank holding companies and regional banks pic related kek)
If the Federal Reserve Note does crash, Americans can then move to the credit unions, community banks, etc, and we can then issue debt-free US Notes again for commerce, as they were intended to be. These credit unions and community banks also don't hold all the shit MBS and CRE debt, they are much more solvent.
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