There's no evidence to the affirmative either. The problem here is that the entire banking, even the entire financial industry has no credibility. I have no reason to believe anything they say, anything their reports say, or anything else about this situation.
The industry that sold each other bad mortgages in a circle to inflate their books doesn't get the benefit of the doubt. Period.
I would say that I trust the Federal Reserve's oversight, but the SF Fed has proven itself completely hopeless.
FRC should have been dealt with straight after SIVB. It was a big psychological hit to smaller banks that they let it die.
I find it ironic that the same people crying about bank consolidation didn't approve of a bailout to keep FRC going.
This will get worse if PACW goes down, because they were financially stable after the SIVB crisis. Investors will run from regional banks and the financial sector in general.
Of course they say their financials are stable. To say anything else would be to slit their own throats.
There's no evidence to the contrary. Their last earnings report showed deposit inflows began a few weeks after SIVB collapsed.
If yet another bank folds, will people start noticing the lesbian Fed chair of that district?
There's no evidence to the affirmative either. The problem here is that the entire banking, even the entire financial industry has no credibility. I have no reason to believe anything they say, anything their reports say, or anything else about this situation.
The industry that sold each other bad mortgages in a circle to inflate their books doesn't get the benefit of the doubt. Period.
I would say that I trust the Federal Reserve's oversight, but the SF Fed has proven itself completely hopeless.
FRC should have been dealt with straight after SIVB. It was a big psychological hit to smaller banks that they let it die.
I find it ironic that the same people crying about bank consolidation didn't approve of a bailout to keep FRC going.
This will get worse if PACW goes down, because they were financially stable after the SIVB crisis. Investors will run from regional banks and the financial sector in general.