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522 sats \ 5 replies \ @Jonathan_Adly 6 Mar \ on: New York Community Bank is collapsing news
My dad works there as a low-level employee. Basically, unhirable elsewhere due to his age (60+). He had their stock as part of retirement, which I made him sell 6 months ago.
I had a good talk with him over the last weekend how they may collapse in a week. It gave him some existential anxiety.
If it wasn’t for Bitcoin; I would be anxious as well. Thankfully, I can take care of him with no worries as the fiat shit complex continues to collapse.
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41 sats \ 0 replies \ @Bell_curve 6 Mar
Good call to sell his company stock. You saved his retirement fund from collapse
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10 sats \ 0 replies \ @TomK OP 6 Mar
good to hear. be strong as a family and careful and see what comes next. good luck to you
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21 sats \ 2 replies \ @Bell_curve 6 Mar
How did you know the bank was on the verge of collapse?
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10 sats \ 1 reply \ @TomK OP 6 Mar
two things. firstly, a confidential source told me that they might be on the verge of getting a capital injection and secondly, looking at the catastrophe chart that was clear
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0 sats \ 0 replies \ @Bell_curve 7 Mar
I love confidential sources!
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