Are you joking or serious?
We have had multiple bank failures this year. And so many banks are holding large amounts of commercial real estate and also long term bonds they can't mark to market without suffering monster losses.
We have had multiple bank failures this year. And so many banks are holding large amounts of commercial real estate and also long term bonds they can't mark to market without suffering monster losses.
that is the whole point. We had a top-10 bank fail, and you know what? our financial institutions did not cascade into failure.
There WILL always be failures, ups and downs, the question is how it is mitigated.
Privatized profits, socialized losses.