Brompton Lifeco Split Corp T.LCS

LCS is still in the zone

[EdPaquette]

September 30 the nav was 3.35 and February 15th it was 6.40. Now it's dropped to $5 because of Donald Trump removing cash provisions rules.  US regional banks got in trouble as a result and spread to Europe. Since a bank run means deposits are lost, we never even got that far.  I think this bit has ended and LCS will resume its rise.  Something harsh for lifecos the last 3 years has been their investment in reits and that has bottomed out now.

[Mmb060]

Almost "free money" by lowering interest rates to near 0 is the root of the problem  !!!

[mouserman]

What has Trump got to do with Credit Suisse? And i think the FED idiots are more to blame than TRUMP.  He isnt even in power now and  Biden didnt change it back... The FED and BIDEN should know the amount of  underwater  , nearly worthless  sovereign treasuries and bonds some banks and even entire  countries  have , and choose to run the interest rates up so fast

[EdPaquette]

Yes Biden should have reinstated regulations,  but trump cut regulations willy nilly by the thousands. Once banks start going bankrupt,  there is a contagion. Investors in Europe pulled money when US banks went.  https://www.factcheck.org/2023/03/what-to-know-about-trump-era-bank-deregulation-and-bank-failures/

[mouserman]

Walls street journal said last week 186 regional banks in THE US are in trouble..or weak at these high interest rates, never mind the US  govt with its debt stacking up.. But yeah if it wasnt for the darned TRUMP this wouldnt have happened, or WAIT maybe it would have anyways, as regulators were some of those pushing  banks to go for these supposedly SAFE govt treasuries and bonds to

[EdPaquette]

Wall Street Journal is no longer an objective news source since it was bought out by Rupert Murdock,  owner of Fox News, creator of Donald Trump. Remember how svb had enough assets to cover but couldn't pay up fast enough because some guy said there was trouble without proof? It proves a rumor can sink a bank, and maybe a country. Who wants to sink the USA? Trump, because he's

[mouserman]

Yes and i suppose Standard and Poor, Fitch , and Moody's  agencies are all out to lunch too.  They ALL  downgraded the entire US banking system. The only truth comes from the Mainstream media  other than FOX ? I have a hard time swallowing that.

[mouserman]

SOME GUY? Are your referring to the Moody's call to the CEO saying Moody's  were downgrading their bonds assets to junk status, becaue they had lost Billions in value? The same day the CEO sold 3.5 million shares of SVB?  

[EdPaquette]

The guy who brought down svb was https://en.m.wikipedia.org/wiki/Peter_Thiel

[AmericanAkita]

Sorry Mr.Ed. don't think you need Trump to sink the US. Joe Biden and our clown leader Trudeau are doing a fine job on sinking both countries if you ask me.

[t898an]

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