Avatar
bitcoinaz 2y ago

🔥 Almost half of America’s 4,800 banks are already burning through their capital buffers.

🔥 More than 2,315 US banks are currently sitting on assets worth less than their liabilities.

🔥 The market value of their loan portfolios is $2 trillion lower than the stated book value.

Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?

By Erica Xuewei Jiang, Gregor Matvos, Tomasz Piskorski, Amit Seru

https://www.gsb.stanford.edu/faculty-research/working-papers/monetary-tightening-us-bank-fragility-2023-mark-market-losses

https://www.msn.com/en-us/money/companies/half-of-americas-banks-are-already-insolvent-–-this-is-how-a-credit-crunch-begins/ar-AA1aDhwV

Reply to this note

Please Login to reply.

Discussion

Avatar
Paul 2y ago

You can bank on it!

Avatar
quark 2y ago

Yes. But the banking system is sound and resilient, the Fed said. From the same guys that said that inflation was transitory.

Avatar
bitcoinaz 2y ago

Fed is builder of the foundation, you don't show the rotten foundation to the clients.

Avatar
1GLENCo 2y ago

Snort had a problem with the second link in your note. Apparently it doesn't like the ---.

Here it is that same link another way:

https://archive.ph/mh1fO

Avatar
bitcoinaz 2y ago

🤝