IMO.... this is the result of rapid interest rate increases. ALL of these banks were loaded with long-term T-bills, at low rates. They’re all virtually worthless now. This isn’t a localized problem... it’s widespread. What it means is, the Fed will be annoucing a pause in rate hikes, very soon.. and, stocks will rocket up. But, most people will miss it because, they all went conservative because of the scare.
Dollar cost averaging, people!
And hyperinflation follows…
The Fed is between a rocks.
There’s nothing they can do now. The dominoes are falling and many small to medium size banks are going to fail.