No sooner than my guest on @MacroEdge Radio, Melody Wright, finishes our discussion about distressed financial institutions and bank failures, here we go again. From […]
Tag: BANK RUN
A Very Quick Market Update: Still no, No bull, No Bare, Nowhere Man’s Land
As my readers have noticed I have been quite reserved lately other than commentary with some others on the inside and in private regarding the […]
The Banking Crisis is A LOT Worse than Reported Earlier
Now you can panic. Just about 3 hours ago, I reported on the letter from the mid-sized banks to the FDCI basically asking for a […]
Bank Run Monday
Despite the extraordinary actions by the Federal Reserve and FDIC last night, the idea that shareholders and bondholders will be wiped out due to this […]
Oops, Something Else Broke
So steepening the yield curve probably isn’t such a hot idea even if it’s only 12 bps thus far: And the US Treasuries are watching […]
FDIC Sunday?? Signature Bank of NY Closed by Regulators
The State of NY in coordination with the New York Federal Reserve has closed Signature Bank, the once free-wheeling crypto bank. From CNBC: Regulators close […]
Is the Silicon Valley Bank Bailout Happening now?
Apparently, the chicken has spoken: Never doubt the chicken. In reality there are some hints that something is happening: CNBC reports the following a little […]
The Media Reaction to Silicon Valley Bank is a Sight to Behold
The headlines from the “financial” media were screaming loud and hot yesterday creating the type of panic and hyperbole unseen since the latter days of […]
FDIC Fridays are Back Baby: Silicon Valley Bank Seized by the FDIC for Liquidation
Ah, the classics and good old days always come back. Yeah, I think we can call this a “deathburger” event like we used to in […]
Is the First Bank Run of 2023 Happening? Silicon Valley Bank is Imploding
I don’t want to say this is bad, but just after 7:30 ET tonight, the stock was trading down, about 70%! Ouch. Then I saw […]
Joe Biden’s Upcoming Bank Run
There has been a considerable amount of outrage, primarily from libertarian and conservative outlets, about the proposed income transfer reporting requirements proposed by the Soviet […]