This chart reveals why Fed, US Treasury & FDIC now bailing out the whole US banking system. US banks are sitting on bond losses of $600bn. These are still book losses in HTM accounts, but if customers had withdrawn their money & banks had to sell, there could have been contagion. pic.twitter.com/Fl1WLyNeSn
— Holger Zschaepitz (@Schuldensuehner) March 13, 2023
— Win Smart, CFA (@WinfieldSmart) March 13, 2023
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