‘The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial system.’

CHARLES HUGH SMITH: Global Bankruptcy Already Baked In Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing. It’s really that simple. In eras of easy credit, both creditworthy …

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Regulators blame social media for SVB’s rapid collapse: ‘Complete game changer’. It’s our fault on Twitter for talking about their lousy risk management.

Source:https://t.co/HE36FKAOEt — Wall Street Mav (@WallStreetMav) March 29, 2023 Fed Vice Chair Barr is testifying today that banks need more stringent "stress testing." What a joke. A bright high-school kid with a spreadsheet could see SVB was insolvent. What's needed …

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FRC IS IN FULL COLLAPSE MODE

$FRC IS IN FULL COLLAPSE MODE -41% *** — The_Real_Fly (@The_Real_Fly) March 20, 2023 First Republic Bank Shares Crash to New Record Low, JPM’s Dimon Reportedly Leading Another Rescue Effort

Credit ratings for 6 giant banks to be downgraded

via Dailymail: Credit agency Moody’s put six banks on watch for a potential downgrade. First Republic, Zions, Western Alliance, Comerica, UMB Financial and Intrust Financial are all being reviewed over ‘extremely volatile funding conditions for some US banks exposed to …

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LEHMAN 2.0: Silicon Valley Bank Collapse and Closure Foreshadows … the controlled demolition of the Global Economic & Financial System

via State of the Nation Dotcom Bubble Burst 2.0 + Silicon Valley Bank Collapse = 2023 Market Crash & Second Great Depression Submitted by The Global Gambling Casino Analyst SOTN Exclusive “Silicon Valley Bank (SVB) was a commercial bank headquartered in Santa Clara, California. SVB was on the list …

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