The next bank that fails will be the one that has the most quality assets to be divided up among the Wall Street Banks.
IMO, right now a bank every couple of weeks gets in trouble according to “sources” and the run begins, the stock goes to near zero, the quality assets are gobbled up by a Wall Street Bank and the crap gets absorbed by the taxpayers.
PacWest looks like the next one to me, their stock has lost over 50% in the last week and over 80% in the last year. In the next 7-10 days look for a fire sale of the assets, they will be gone, employees will be gone, the stockholders will be busted and the taxpayers will take it in the shorts.
It reminds me of the hyenas on the Serengeti, circling the wildebeest herd, looking for the weak one...................
Why have the so-called “regulators” of our banking industry allowed the “short-selling” of bank shares to become such a low-risk “opportunity” for professional “gamblers”?
Deposits in excess of $250k are not insured and should not be the taxpayer’s responsibility. Let Yellen use her personal fortune to make them whole.