Re:Monetary Tightening and U.S. Bank Fragility in 2023
by latchkey on Sunday March 19, 2023 @11:59AM
(#35220271)
"During the 1980s and 1990s, nearly one-third of savings and loan institutions failed due to losses incurred from long-term fixed-rate mortgages that declined in value when interest rates surged."
History is repeating itself.