I think you might be concerned IF you understand what is causing the present situation ...and have a smaller bank ...again a big difference between a big bank and a community or regional bank. .
As a retired banker I truly hope that all of the readers understand that if there was a TRUE run on all of the banks in the US. There is no way the US could cover the FDIC loans to $250,000 it just isnt possible no matter how fast the printing presses can print money.
The stock market would collapse and The banks would have no choice to close and say that they will open at a later time...
The US government would have no choice but to bail out the huge banks like JP Morgan
Do i think that will happen .. No but it could get very messy as long as YIELDS are inverted meaning
in simple terms that means
u get more interest on short Term T NOTES rather than on long term T NOTES..That is not normal and definately NOT good for banks or any Fianacial for obvious reasons
|