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What’s wrong with the banks

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by: chromebook test - Fri, 17 Mar 2023 03:31 UTC

What’s wrong with the banks
Rising interest rates have left banks exposed. Time to fix the system—again
Mar 16th 2023
https://www.economist.com/leaders/2023/03/16/whats-wrong-with-the-banks?utm_medium=social-media.content.np

Only ten days ago you might have thought that the banks had been fixed after the nightmare of the financial crisis in 2007-09. Now it is clear that they still have the power to cause a heart-stopping scare. A ferocious run at Silicon Valley Bank on March 9th saw $42bn in deposits flee in a day. svb was just one of three American lenders to collapse in the space of a week. Regulators worked frantically over the weekend to devise a rescue. Even so, customers are asking once again if their money is safe.

https://archive.is/bsqET

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https://youtu.be/JGY8r4mggPw?t=124

Somehow, the world always affects you more than you affect it.

arts / rec.arts.tv / What’s wrong with the banks

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What’s wrong with the banks	chromebook test