3 ms·
>There is now contagion with the policy still in place. The situation is worse than it appears. SVB was a lung tumor, but the lungs aren't the only organs that
by flangola7 4y ago
>There is now contagion with the policy still in place.
The situation is worse than it appears. SVB was a lung tumor, but the lungs aren't the only organs that have metastasized.
- SeanAnderson 4y agoI'm not completely convinced by that. Do you have any source information to back it up? I would love to have more to read. I went through the Top 20 US banks by AUM this morning and none are down except for First Republic. This contrasts what occurred in March where the entire sector was panicked. From my POV, if there is contagion outside of startup tech banks then investors aren't signaling that FRB is a canary in the coal mine for them. I don't have any deeper or private knowledge of the financial sector, though.