So the Fed is about to hike another 25bps, ensuring that the deposit exodus from small banks who can't match 5% rates accelerates, just as the Treasury guarantees all $18 trillion in deposits.
Discussion
Yeeeeeeeeeeeeeeeeehawwwwww
But it’s not a bailout!
It’s almost purposeful, like there is a plan or something. So fun. I can’t wait to hear the same old excuses and get the digital upgraded version, complete with digital ID.
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