"Half of America’s banks are “potentially insolvent,” according to Stanford School of Business. You may not want to hear that on a day when small bank stocks are taking a nose dive but the writing is on the wall and has been since March when Silicon Valley Bank started this domino chain. The Federal Reserve raised interest rates in an effort to stop the bleeding. Maybe that will help but the U.S. is about to hit a debt ceiling in short order so the crisis continues. "
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3104. Oh SH*T, the small bank collapse is real and it's here | Redacted with Clayton Morris
3104. Oh SH*T, the small bank collapse is real and it's here | Redacted with Clayton Morris
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