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.
Told you, Imp. This collapse is about way more than media hype.
PacWest is "exploring a sale" but say that financials are stable. Last earnings report showed deposit inflows started recently.
That's what caused this. Another storm in a teacup.
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.