audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
The crazy thing is that with a nationwide run on banks - the money has to go somewhere - probably just to other banks. So you end up with a big sloshing around?The billions put into First Republic are "deposits" to keep FR's ratio in the green. I understand that if the sell their Hold to Maturity portfolio, it the gets marked to market, and that creates a cascading collapse.
I'm sure just about every bank in the country has losses in their HTM portfolio. If a nationwide run on banks materializes, a real SHTF will occur, as I see it.
I guess the regular folks now think a bunch of banks are failing and have forgotten about FDIC insurance. We’ve already had two posters report family members wanting to take cash out because “banks are falling” so I can only imagine how it’s being treated on nightly news.