The single greatest threat presently to the US banking system is the pathetically low threshold of FDIC insurance.The mere utterance of a problem at any institution triggers a bank run by those who have exceeded the $250k limit.Ultimately, there are only two options: (1) back stop most/all depositors. Or (2) back stop only Democratic donors who are depositors (SVB), or as Yoda Yellen suggests add the large banks (the ones she represents as an advocate—the central/“National” banks).Choice (2) is a very poor one—UNLESS Biden is ready to defend against an uprising to become a Fascist dictator. And, (1) may result in out-of-control inflation.Looks to me like Biden/Yellen and the Dems have boxed themselves into a corner. JMHO.
US Stocks Opportunities
Here are a theme that collects the best quality or your most bullish US stocks, Share your thoughts here!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments