The Silicon Valley Bank meltdown may incite the Federal Reserve to cut rates by 100 basis points by December to prevent contagion in the financial system, Larry McDonald said. That would mark a sharp reversal from the central bank's current course of aggressive tightening to rein in inflation. Rate hikes totaling 450 basis points over the past year have made returns on short-term Treasurys more attractive, draining deposits from banks like SVB, the founder of "The Bear Traps Report" told CNBC on Friday. "In essence, the Fed is causing this bank run," he said. Shares of Silicon Valley Bank crashed...