I'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 ca

I'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.