The people in step 5 have a huge incentive to make it look like the fed is wrong to raise rate because their monopoly money fueled dumpster fire of an industry

The people in step 5 have a huge incentive to make it look like the fed is wrong to raise rate because their monopoly money fueled dumpster fire of an industry only "works" when rates are low. I'm not alleging conspiracy, I don't think these people are competent enough to actually conspire. But the incentive to pull your money out knowing that it makes others more likely to follow and that if the bank keels over the failure mode makes policy you don't like look bad is definitely there.