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BANK CRISIS: Update

BANK CRISIS: Update

SOME NOTES FROM TODAY's ACTIVITY

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VBL
Mar 13, 2023
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BANK CRISIS: Update
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Expect a report EOD today with most current bank analysis

  1. What happened?

  2. What problems does this create?

  3. What is the Gov't Response?

  4. What about the Fed?

  5. What about the Confidence issue?

  6. Future:

  7. Goldman report


  • This is just the beginning; contagion inside and outside of the banking sector is about to get worse. “We ain't seen nothing yet.”

  • But this specific crisis will be addressed and replaced by a slower moving longer lasting one

  • the recent disasters were not the result of concentrated and levered loans but rather the result of a bank run.

  • bad banking practices.

  • banks suffering a bank run can’t and won’t make everyone whole—just the first money out

  • So the FDIC stepped in more

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