OpenAI's ChatGPT has reportedly predicted that the stock market will crash on March 15, 2023, per BI.
— unusual_whales (@unusual_whales) February 16, 2023
BIG IF TRUE!
DanGPT (the jailbreak version of ChatGPT) predicts that the next stock market crash/correction will start on Wednesday, February 15.
DanGPT predicted that the trigger for the correction will be a major geopolitical event involving China.
BIG IF TRUE! 🇺🇸🇨🇳 pic.twitter.com/ypdTuc3yQq
— Jesse Cohen (@JesseCohenInv) February 8, 2023
20 banks that are sitting on huge potential securities losses, just like Silicon Valley Bank
California regulators closed Silicon Valley Bank and handed the wreckage over to the Federal Deposit Insurance Administration later on Friday. Signature Bank of New York (the main subsidiary of Signature Bank Corp. ) was closed by state regulators and taken over by the FDIC on Sunday.
Below is the same list of 10 banks we highlighted on Thursday that showed similar red flags to those shown by SVB Financial through the fourth quarter. This time, we show how much they reported in unrealized losses on available-for-sale securities — an item that played an important role in SVB’s crisis.
Below that is a screen of U.S. banks with at least $10 billion in total assets, showing those that appeared to have the greatest exposure to unrealized securities losses on AFS securities, as a percentage of total capital, as of Dec. 31.
The latest developments include an emergency lending facility set up by federal regulators to help banks avoid selling securities for losses if they need to raise cash to cover deposit outflows. The regulators have also said all depositors of Silicon Valley Bank and the failed Signature Bank of New York would have access to their money — even uninsured deposits balances. First Republic Bank (listed below) announced it had secured funding from the Federal Reserve and JPMorgan Chase & Co.
h/t KingChaos777