With the over the top reaction by the Biden Administration...100% return of investments of clients of the two banks and a Presidential speech, could the situation be much much worse than we know. Crypto Currency, the Bond Market, Higher Interest Rates and new social directives as being Woke, etc. have they caused a systemic weakening of bank portfolios.
Let me see. Signature Bank is a "crypto-focused bank.
Or, rather, was.
Not a good example of a "banking" crisis. Is it?
https://www.cnbc.com/2023/03/12/regulators-close-new-yorks-signature-bank-citing-systemic-risk.html
It looks more and more like the Diversity Hires in Biden's banking regulators where playing hookie.
What was SVB doing playing roulette with its reserves?
Really? They paid themselves bonuses on the way out?
Can speak Grebo, but who cares.