Banks should be utility companies.
Without all the safety guarantees, are you willing to park your hard-earned cash in banks? Think about it, it has nothing to do with the depositors.
I for one want a postal banking system, rather than a commercial banking system.
Banks mark their holdings HTM and AFS, Hod To Maturity is at cost, Available for Sales marks to market, and 7-8% cash on hand. You will have a bank run if the cash withdrawal is greater than cash and AFS.
You don’t divide bond price by year, if the fed cuts rate next year, same bond price will go up to possibly 90ish. The point is T is the benchmark to price risk, normally no corp paper can be issued at lower yield that comparable Ts. If SVB can lose 9% on selling Ts, the investors can lose 11%...
I want a fully decoupled world, with no Chinese and US tie. They do their things and we do ours, maybe some tourisms in between.
BUT this order is not acceptable to the elites in Washington, they want to rule the world, hence the cold and hot war.
I can agree with this argument you made. There are load of other politicians like Bush family has stronger tie to China than that of Biden. Who is Hallie anyway?