Is the current game to short the US banks into oblivion 1 by 1? Who’s next after first republic?
Discussion
Just wait until we get to the big boys. Wells Fargo, B of A, JP Morgan/chase…
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According to Lawrence the Leopard Charles Schwab is next…
Yeah just saw that, I’d suggest that would be shocking but is anything at the moment!
Consolidation.
Lots of small regional banks are hard to control.
A few large banks will enable the fiat exits to be completely sealed. Not the primary purpose IMO but a side effect of a consolidated banking system.
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Who knows? But banks with a high proportion of non guaranteed deposits (or with high exposure to commercial real estate or long term debt) are those with the highest risk of collapse.
Although it is still a risk trade because the government knows it needs banks so bailouts are not out of question. Neither big consolidations.😐