We are still ignoring the original problem.... The original problem behind these regional bank failures is that there is not enough diversity in those having e

We are still ignoring the original problem.... The original problem behind these regional bank failures is that there is not enough diversity in those having extra cash in accounts and so when a FED rate change comes along that is big enough, those excess funds seek higher rates of interest thus leaving said bank with a problem of legacy assets tied to the old FED rate. We see the same pattern with Apple getting $! Billion in new savings account, yes that is Billion with a b due to their interest rate offering. In short words a product problem with on one side products tied to the old FED rate and not being nimble enough to offer a product for the excess cash customers have that offers the higher interest rate. Or in short a virtual replay of the S&L crisis in the 1980s without all the corruption behind it. And one should note that MMA products were suppose to fix this issue.