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Banks have historically been bad investments
@Building_Benjamins：
The Fed increased its Balance Sheet and paused QT. Banks are bad investments The Fed (The Federal Bank) increased its Balance Sheet by $400 Billion through specialized lending to banks. Silicon Valley Bank $SVB Financial Group(SIVBQ)$ problems started with big losses on the bond portfolio that metastasized into a run on the banks deposits. Banks have $620 Billion in unrealized losses so this is a wide spread problem. Small and medium sized banks are losing deposits which will result in tightening credit and help push the economy into a recession. QT (Quantitative Tightening) has been on pause with only $6 billion reduction in treasury bond portfolio versus $74 Billion per plan. $90 billion matured on March 31st. The question will be did the Fed roll them or restart QT. Unpredictable environment. Banks are bad investments. My Positions in Citigroup $Citigroup(C)$ and US Bank $U.S. Bancorp(USB)$ which I had bought in December were sold as SVB crystalized how incompetent banks are and that banks have historically been bad investments.
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