If Berkshire sold out of most of their bank holdings, that should tell you something. Large banks are broadly fine for now (cough Credit Suisse cough), but the

If Berkshire sold out of most of their bank holdings, that should tell you something. Large banks are broadly fine for now (cough Credit Suisse cough), but there are a lot of small/midsize banks that are more vulnerable, enough to have some contagion effect. If more start failing, spooked depositors with more small/midsize banks start pulling their money out and move it to large banks - possibly collapsing more of the smaller ones. And we haven't even started seeing bad commercial real estate loans hit banks. https://www.ft.com/content/da9f8230-2eb1-49c5-b63a-f1507936d01b https://www.ft.com/content/da9f8230-2eb1-49c5-b63a-f1507936d... The next one in line could be this https://twitter.com/elerianm/status/1654073420328452096 https://twitter.com/elerianm/status/1654073420328452096