This wildly overstates the situation. 1. These are seasonally adjusted numbers. The unadjusted numbers are smaller. 2. The article does not account for the $6

This wildly overstates the situation. 1. These are seasonally adjusted numbers. The unadjusted numbers are smaller. 2. The article does not account for the $60b in loan sales (unadjusted) to nonbanks the week of 3/22. Lending definitely tightened up the week ending 3/22, but not to the extent the article suggests