Good, they need to convince depositors at all the small and medium banks to not drain their account Monday morning. Many banks have mud and longer term treasuri

Good, they need to convince depositors at all the small and medium banks to not drain their account Monday morning. Many banks have mud and longer term treasuries in their book and they’d be well under water if they had to mark to market which they would if forced to sell. The Fed has had erratic policy for a few years now and combined with the Gov flooding the market with cash and stims, all these safe places to park cash have suddenly been made into speculative investments. We don’t need 1000 banks collapsing. Irresponsible fed and government need to own this and ensure deposits are safe. Selling everyone nearly 0 interest bonds and then jacking interest rates to the highest rates in 20 years over the course of 12 months is a scumbag move.