All these recent bank failures due to lack of oversight by the Fed. As we learned in 2008, you can’t just blame financial institutions because they’re going to

All these recent bank failures due to lack of oversight by the Fed. As we learned in 2008, you can’t just blame financial institutions because they’re going to take the easiest route every single time. The Fed is there for a reason. They completely failed to do their job with Powell leading that organization. They internally knew what they intended to do with their rate policy but did not do any stress tests for banks. I find that incredibly incompetent. More to come.