Submitted by Wasingtheisofwas t3_126nmc0 in wallstreetbets
SuperAppleLover t1_jeb0jl3 wrote
Reply to comment by Zaros262 in My first YOLO. Pray for me. by Wasingtheisofwas
That was my point in the comment. Earnings will not be the same where it was before because everyone took their cash out. Plus with higher rates, they cannot maintain their previous earnings. How will it recover when most of the people pulled their money out into bigger banks. There’s no incentive for them to return. Example, let’s say you withdrew $5 million out of FRC. Why would you put $1.00 back into FRC?
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