TheBirdBytheWindow t1_jchcgbb wrote on March 16, 2023 at 8:53 PM

Reply to comment by PhoenixReborn in First Republic in talks with major banks about a rescue plan by Powerpuff_Rangers

>How many deposits in Oklahoma are even uninsured?

Think about how much land, cattle and feed is out there and where all those ranchers bank. Then imagine what all is at stake if that goes to pot.

Its not great.

HildemarTendler t1_jcj3hjl wrote on March 17, 2023 at 4:56 AM

Ranchers don't typically have a ton of cash in banks. Most of their assets are in the ranch itself. And then investments if they have a lot of excess capital.

TheBirdBytheWindow t1_jcjgvnx wrote on March 17, 2023 at 7:49 AM

>Ranchers don't typically have a ton of cash in banks.

Maybe not, but they have accounts of some magnitude to process their banking and then the mortgage on the property if not owned outright. There's significant investment there and it can't all be owned outright.