Banking crashes continue;

Something needs to start the implosion. This may as well be it.

Posted today at 3:20pm. Where is this account posting from? I'm guessing somewhere in Europe...

quote:

---

Something needs to start the implosion. This may as well be it.

---

quote:

---

It's fun getting front row seats watching the U.S. turn into Western Europ

---

nah

quote:

---

Something needs to start the implosion. This may as well be it.

---

This is not the implosion we want, this is gonna make the government more powerful


Cmon Putin save us

This will just cause more federalization of banks under one umbrella

quote:

---

nah

---

You're going to argue the banking system hasn't been concentrating?

quote:

---

This will just cause more federalization of banks under one umbrella

---

All its going to do is make the Big Banks who gobble these up more powerful.

MCB is a disaster, another crypto bank headed down in flames. Then and cross river heading straight down

quote:

---

However, the set up quite similar. The banks just found a different way to over leverage themselves.

---

I don't think it's a leverage thing, it's an interest rate asset/duration mismatch thing (which is bad too).

I'm thinking the impact is less around the banks themselves, and more around the Fed having basically caused the recession by over-raising. Credit has already been sharply withdrawn, and it ain't going back up anytime soon.