How the hell are any banks insolvent?

How the hell are any banks insolvent?

It doesn’t matter if they pay you nothing, if they take your money and gamble it on leveraged government bonds and then get rug pulled for -40% by the Fed, they have still lost all your money 🤣
The fact that there are 40 trillion in the bond market that nobody wants to buy…makes the bond holders/banks insolvent, and speaks to the hilarity of US Debt as a preservation of value.