“I'd put ~20% chance that we are in the beginning stages of a banking crisis.”

Re:“I'd put ~20% chance that we are in the beginning stages ... by debacle on Monday March 13, 2023 @08:39PM (#35145564)

Speaking to a banking friend today, this almost seems inevitable at this point. So many banks did not expect interest rates to go up this much, this fast. Many banks are filling gaps right now, but with more money going out than going in (for various reasons), things are going to be tight.

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Re:“I'd put ~20% chance that we are in the beginning stages ... by kinghajj on Monday March 13, 2023 @08:42PM (#35145605)

Isn't the program announced by the Fed over the weekend intended exactly to prevent the risk of this spreading to other banks?

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