Explainer: Here's how the government plans to stop more banks from crumbling and turning this thing into a full-blown banking cr...
Silicon Valley Bank collapsed spectacularly on Friday. Then yesterday, down went Signature Bank in New York. And the big three regulators – the Treasury, Federal Reserve, and the FDIC – had to work all weekend (poor things) to come up with a solution that ...
The only "solution" they have is the only tool that they have: raise interest rates and spike prices until everyone is too poor to buy things. None of their financial theory means shit when they only have 1 tool at their disposal and failed at every opportunity to use it until it was too late.