S&L Crisis 2.0? Uncle Sam's Short-Term 5% UST Is Sucking Capital Out Of Banks https://www.zerohedge.com/markets/sl-crisis-20-uncle-sams-short-term-5-ust-sucking-capital-out-banks
Discussion
When you opt not to pay your customers the fair market yields capital flows to places that will.
When your deposits leave, you have nothing supporting your fractional reserve lending practices.
Said another way, without deposits, you have nothing supporting the minimum 10x leverage that exists.
Easy fix, don’t be greedy!
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