So, at least two banks failed this week, 16th largest and a smaller one. Then Fe...

hypothesis on March 13, 2023 | parent | context | favorite | on: Joint statement by the Department of the Treasury,...

So, at least two banks failed this week, 16th largest and a smaller one. Then Fed panics and effectively institutes an “unlimited” insurance/backstop policy, as a direct result.

I don’t know if I would call those events “pedestrian”.