4 ms·
Except the US treasury and the Fed gave all US banks a 1yr blank check to get their act together, if rising rates really are causing them trouble. This was duri
by zie 3y ago
Except the US treasury and the Fed gave all US banks a 1yr blank check to get their act together, if rising rates really are causing them trouble. This was during the SVB crash. So no, banks should not fail because of rising rates, if they don't have idiots in charge. Oh wait, SVB failed specifically because they had idiots in charge. Good thing they all got fired. How many more idiots are in charge of banks? The FDIC will find out for us in about a year I'm betting.