Shares of PacWest Bancorp sank 55% in after-hours trading Wednesday.
Bloomberg News reported that PacWest (ticker: PACW) was weighing strategic options, including a sale—two days after JPMorgan Chase (JPM) took over another shaky regional bank, First Republic.
Read more: https://www.marketwatch.com/articles/pacwest-bank-stock-price-news-353a60af?mod=mw_latestnews
But wait….
Didn’t Jerome just earlier today again say that the banking system is sound?
I would recommend hard assets, land, food water, AU, AG, can goods. God bless everybody.
The entire financial system is a house of cards build on the ocean shore with a category 5 hurricane approaching it. When the storm hits, the 💩 is going to hit the fan and it’s going to be nasty. Unless you follow Gregg’s blog and are prepared. Bald Guy Money breaks down how many ounces of silver one needs to equal one million USD. 👉 https://youtu.be/xSZ_OkFldWY