$(FRC)$ Regional banks going down hurts not only the banking sector but ultimately, and in a big way, the general economy which would lose access to business loans which in turn will bring on business contraction, lay offs, etc.
$(FRC)$ troubles are tied to liquidity due to fast rising interest rates (bringing down bonds prices); otherwise it has a sound business.
Wouldn't supplying FRC with the necessary liquidity be the most reasonable course of action stemming off a run on other banks and a domino effect?
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