186 Banks May Have Risks Similar to Silicon Valley Bank, Economists Find - WSJ
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That's what happens when you have a
fractionalzero reserve banking system and a central bank that will buy any shit bond the Treasury puts out. Just get used to double-digit inflation like a proper third-world shithole.this.
leftards are making tribalist calls for peter thiel to be indicted. apparently he got insider info on SVB being upside down. he left in over 50 million of his own, but when he realized how badly SVB was underwater, told his VC portfolio startups to get their money out. this made the small run turn into a big run.
tons of these banks are fucked. i looked on multiple brokers and couldn't find put options on any of these banks, meaning everyone knows the jig is up.
a month or two ago, someone from the fed admitted that 98% of deposits are not insured, and of the exposure FDIC is facing, if there was a national bank run, 97% of "insured" deposits would be lost. that's how over-leveraged the system is right now.
so then the question is what you do with this information. and now BTC is up 35% this week.