Are the Crisis Coming?
Bonds losses $130 billion to $200 billion ( it's not required to show on the books as long as u don't sell )
$1.9 trillion deposits .. one big bank run and you see $1 trillion losses in just few days.. it only took hours for SVB to go under.
I haven't even include derivative losses which could easily add up to many $trillions ( it's not required to show on the books )
What's Fed offering ?? if you get a bank run and needs money ,, Fed Powell will lend you money as long as you have enough collateral to show to the Fed. Is this some kind of a joke ? $SVB Financial Group(SIVB)$
Don't forget when all the american start defaulting on their mortgages and loans .. that's another $500 billion this bank have to swallow.
Too much Pump and Dump Artist out there painting rainbow, unicorn, and la la land.
The worst is yet to come.
What's more, FED has to keep raising rates as inflation is going higher this spring as planting season starts and drives fuel prices higher and higher , No SPR this year to hold down Fuel inflation which is the worst kind because it feeds inflation into everything. BAC losses are about to get bigger.
I wonder how many paid shills were in here today trying to stop the bleeding.
Until we put the politicians and bankers in prison for their fuzzy math we will see bank failures continue.
Do not fool your self fractional reserve banking is fraudulent behavior! $Bank of America(BAC)$
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Huat