3 ms·
I don't understand what you're saying or understand the logic of blaming a third party for the failure of the first party.
by Loughla 4y ago
I don't understand what you're saying or understand the logic of blaming a third party for the failure of the first party.
- pclmulqdq 4y agoI'm simply looking for a root cause. What I'm saying is that one bank failure is their fault, but 3 bank failures within a week probably has some other root cause. In this case, that root cause is probably the one big fundamental change in the macroeconomic environment over the last year. By the way, I don't envy the Fed's position, but they did put themselves there with 10 years of free money that they abruptly ended.