The 1924 New Mexico regional banking panic

https://nodumbideas.com/p/labor-day-special-the-1924-new-mexico

#HackerNews #The #1924 #New #Mexico #regional #banking #panic #bankinghistory #financialcrisis #NewMexico #economiccollapse #history

What could possibly go wrong?

The US Federal reserve is looking to reduce staff in its banking supervision division by around a third, in one more example of the Court of the Tangerine Tyrant's push towards deregulation.

As more & more warnings are sounded about an impending financial crisis, its an odd time to be reducing oversight in the financial services sector; unless your aim was to try & obscure the blame for any subsequent crisis?

#FinancialServices #USPol #FinancialCrisis
h/t FT

Nearly 70% of cancer patients face financial crises within one year after leaving hospital, highlighting urgent need for support. Hospital K suggests using biosimilars to reduce costs and improve treatment access.

#cancercare #financialcrisis #healthpolicy #access2medicine #unreadyposts #VietnamHealth #SustainableHealthcare #biosimilars #patientrights #VietnamNet

#ungthư #sứckhỏe #chínhsách y tế #khủnghoảngtàichính #dượcphẩmsinhhọc #tiếpcậnđiềutrị #bệnhviệnK #côngbằngy tế #sốngkhỏemạnh #vietn

Ông Đinh La Thăng phải thanh toán hơn 830 tỷ đồng, nhưng chỉ còn duy nhất căn hộ khoảng 5 tỷ đồng được tịch thu – không đủ để khắc phục nợ nần. #ĐinhLaThăng #Vietnam #TinTuc #Debt #Economy #VietnameseNews #FinancialCrisis #AssetShortage

https://vtcnews.vn/ong-dinh-la-thang-khong-con-tai-san-de-khac-phuc-825-ty-dong-ar983531.html

Manchester Pride files for voluntary liquidation amid financial crisis and unpaid artist debts

Manchester Pride has officially entered voluntary liquidation, casting uncertainty over the future of one of the UK’s most prominent LGBTQ+ celebrations. The organization’s board of trustees announced the decision in a statement posted on Instagram, citing a combination of rising operational costs, ... [More info]

Andrew Bailey (BofE Governor) joins the dots between sub-prime mortgages (being repackaged) ahead of 2008 & the current travails in the US private debt market(s):

'If you go back to before the financial crisis when we were having a debate about subprime mortgages in the US, people were telling us it was too small to be systemic...That was the wrong call. I’m not saying therefore the call should be the same this time but it underlines why the question is apposite'!

#FinancialCrisis
h/t FT

Wise thing would be to divest from the US as it collapses economically and politically....the opposite of what our Government is currently doing.
We need to ditch America and focus on Europe.

https://www.theguardian.com/business/2025/oct/21/bank-of-england-chief-warns-worrying-echoes-2008-financial-crisis-tricolor-first-brands

#BankOfEngland #UKPOL #UKPOLITICS #USPOL #USPOLITICS #Economy #Recession #FinancialCrisis

Another day, another column asking how long the AI stock market bubble can last?... which in itself is part of the clear assembling of leading indicators that suggests, not much longer.

The only real Q.s that remain is not if but when, and how wide will be the impact of a crash that starts in technology... recall the ripples from the subprime housing crash & you'll not be hopeful its effects will be constrained to tech stocks.

#AI #FinancialCrisis #economics

https://observer.co.uk/news/columnists/article/is-the-ai-bubble-history-repeating-itself-ask-a-chatbot

US car repossessions surge as more Americans default on auto loans

https://www.theguardian.com/business/2025/oct/17/us-car-repossessions-economy

#HackerNews #USCarRepossessions #AutoLoans #EconomicTrends #FinancialCrisis #DefaultRates