Largest US bank failures
1) Washington Mutual ($386 billion)
2) First Republic ($233 billion)
3) Silicon Valley Bank ($209 billion)
4) Signature Bank ($118 billion)
3 of the 4 occurred within the last 2 months 👀
Healthy financial system
Discussion
I didn't realize First Republic was larger than SVB and Signature. 👀
It’s the same cycle. These things take a while to play out. https://open.substack.com/pub/kanemcgukin/p/time-money-and-people-change-liquidity?utm_source=direct&r=99ex&utm_campaign=post&utm_medium=web
People should not know it’s that bad.👀
Oh, fuck. I have a checking account and a mortgage at First Republic. What do I do? 😬
Bitcoin's fault 🤣🤣
The first, second, and third, there will be countless more, and the future is unknown🙃
Don't worry. Your money is safe™.
🤡
Depends what you mean by “bank failure”.
Where is Lehman? Fannie Mae? Freddie Mac? AIG? All much bigger than WAMU. 