“The system is as well-capitalized and liquid as it has ever been,” they said.
“The banks that are now in trouble are much too small to be a meaningful threat to the broader system.” they said.
We have infinite cash at the Federal Reserve.
#[0]
I missed this last week.
High profile suicide from private equity investor Thomas Lee a week before SVB blew up.
No idea what’s going on here, but I’m worried we’re about to spin the block on the GFC.
Buckle up. https://www.thecrimson.com/article/2023/2/27/thomas-lee-death/
“The system is as well-capitalized and liquid as it has ever been,” they said.
“The banks that are now in trouble are much too small to be a meaningful threat to the broader system.” they said.
We have infinite cash at the Federal Reserve.
#[0]
