Is this supposed to be humor or something? He might as well have posted a gif of a hand wave. His entire refutation is a single paragraph in the middle that say

Is this supposed to be humor or something? He might as well have posted a gif of a hand wave. His entire refutation is a single paragraph in the middle that says the problem was that this was a bank for rich people and "they are fickle" and they were running a risky business anyway. Zero understanding of what caused the risks and how these defer from other regional banks (hint: many other mid size banks have similar risks on their balance sheets) Embarrassment of an article. And yet the one month treasury is trading at a monster discount to FFR as banks scramble to bid for collateral as their balance sheets deteriorate into an upcoming rate hike and deposit run. Again, total joke