The current bankster crisis resembles much that of the 2008 if one studies the 2008 crisis like in that analysis:
"[...] more than 500 banks failed between 2008 and 2015, compared to a total of 25 in the preceding seven years, according to the Federal Reserve of Cleveland. Most were small regional banks, and all were acquired by other banks [...]"
https://www.investopedia.com/articles/economics/09/financial-crisis-review.asp
Other parallels:
"
Signs of Trouble
Eventually, interest rates started to rise and homeownership reached a saturation point. The Fed started raising rates in June 2004, and two years later the Federal funds rate had reached 5.25%, where it remained until August 2007.
There were early signs of distress. By 2004, U.S. homeownership had peaked at 69.2%. Then, in early 2006, home prices started to fall.
This caused real hardship to many Americans. Their homes were worth less than they paid for them. They couldn't sell their houses without owing money to their lenders. If they had adjustable-rate mortgages, their costs were going up as their homes' values were going down. The most vulnerable subprime borrowers were stuck with mortgages they couldn't afford in the first place.
"
2023:
SVB
CS
UBS
FRC
PACW
WAL
FHN
KBWR
...
https://blog.roboforex.com/blog/202...lley-bank-and-what-has-the-fed-to-do-with-it/
"
How has the Fed’s rate hike affected SVB?
In March 2022, the US Federal Reserve System (FED) began a cycle of interest rate hikes. By March 2023, the rate had risen from 0.25% to 4.75%, meaning the cost of credit had increased 19-fold. This created a situation where firms had to use their previously accumulated reserves, as it had become expensive for them to raise finance. Consequently, they began pulling out money from their accounts to finance running expenses.
"
See also:
"[...] more than 500 banks failed between 2008 and 2015, compared to a total of 25 in the preceding seven years, according to the Federal Reserve of Cleveland. Most were small regional banks, and all were acquired by other banks [...]"
https://www.investopedia.com/articles/economics/09/financial-crisis-review.asp
Other parallels:
"
Signs of Trouble
Eventually, interest rates started to rise and homeownership reached a saturation point. The Fed started raising rates in June 2004, and two years later the Federal funds rate had reached 5.25%, where it remained until August 2007.
There were early signs of distress. By 2004, U.S. homeownership had peaked at 69.2%. Then, in early 2006, home prices started to fall.
This caused real hardship to many Americans. Their homes were worth less than they paid for them. They couldn't sell their houses without owing money to their lenders. If they had adjustable-rate mortgages, their costs were going up as their homes' values were going down. The most vulnerable subprime borrowers were stuck with mortgages they couldn't afford in the first place.
"
2023:
SVB
CS
UBS
FRC
PACW
WAL
FHN
KBWR
...
https://blog.roboforex.com/blog/202...lley-bank-and-what-has-the-fed-to-do-with-it/
"
How has the Fed’s rate hike affected SVB?
In March 2022, the US Federal Reserve System (FED) began a cycle of interest rate hikes. By March 2023, the rate had risen from 0.25% to 4.75%, meaning the cost of credit had increased 19-fold. This created a situation where firms had to use their previously accumulated reserves, as it had become expensive for them to raise finance. Consequently, they began pulling out money from their accounts to finance running expenses.
"
See also:
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In future going to specialize in such crises, as much like a ThinkTank...