$620 billion of unrealized losses, overall equity 2.2 trillion. If a run on the banks would happen it could be fatal even for several large US banks like JP Morgan and Citi. This crisis isn’t over. The US Treasury simply bought some time. pic.twitter.com/2xNvfIrN9b
— Kim Dotcom (@KimDotcom) March 13, 2023
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When I read the title of this post, I visualized Janet Yellen singing, ” oh I’m forever blowing bubbles…”
But on a more serious note, God help us all.