There should be some difficulty, as it will affect customers and their employees, but it might be containable, because this wasn’t due to the same kind of nonsense as the previous crisis. I would expect that the problem SVB faced will apply to other banks, who are as equally dependent upon interest rates. So we SHOULD expect more of this. But I don’t see anything like 08.
If they just ‘sell’ the bank to someone else, or operate it under the fed for a bit, this isn’t a catastrophic problem.
I’m hopeful it spreads tho. 😉
Source date (UTC): 2023-03-11 00:21:52 UTC
Original post: https://twitter.com/i/web/status/1634348879809265665
Replying to: https://twitter.com/i/web/status/1634347746349178880
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