Nervous on banks?

vantexan

Well-Known Member
  • The shortfall is due to 'unrealized losses' like those which triggered the collapse of Silicon Valley Bank
  • A run on the banks would leave customers at nearly 200 institutions facing losses of up to $300 billion
  • The paper suggests 'recent declines in bank asset values very significantly increased the fragility of the US banking system'
I heard that SVB lobbied for reduced regulations and for the last 8 months they didn't have anyone in charge of risk assessment.
 
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Go woke and go broke !!!
What an ignorant article.

The OCC uses current regulation standards to examine banks. Can't really flag banks for improper standards of adherence if the standards had been changed in... that's right... 2018.

Surprise, surprise. More hand-waving by the propagandist network Fox "News".
 
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