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Pac West and another Bank just went Boom. Half of America’s banks are already insolvent! – Investment Watch

The next bank crashes after just ONE DAY. after the takeover of First Republic Bank from JP Morgan. Bank dying continues!

Bad day for banks. Are things accelerating?

Are all BANKS failing?

S**t Just Hit The Fan Across Markets, Regional Banks Crashing

And despite the Biden admin claiming that FRC was just another ‘outlier’ business model, PacWest, Western Alliance, and Zions (among others) are in a freefall…

But the ‘big banks’ are also getting slammed…

“Most Shorted” stocks are getting monkeyhammered lower..

Gold has spiked back above $2000…

And Oil prices are tumbling, with WTI now back well below pre-OPEC+ levels…

Almost half of America’s 4,800 banks have already burned through their capital buffers and are running on negative equity. They may not have to mark all losses to market under US accounting rules but that does not make them solvent. Somebody will take those losses.

“It’s spooky. Thousands of banks are underwater,” said Professor Amit Seru, a banking expert at Stanford University. “Let’s not pretend that this is just about Silicon Valley Bank and First Republic. A lot of the US banking system is potentially insolvent.”

One of the 10 most vulnerable banks is a globally systemic entity with assets of over $1 trillion. Three others are large banks. “It is not just a problem for banks under $250bn that didn’t have to pass stress tests,” he said.

h/t jlee2027

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