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Hedgeye Investing Summit | Jim Bianco, President of Bianco Research

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The Western Alliance's Banking Industry After 12 Years of Zero Policy

Bloomberg: Western Alliance Bank, WAL for those of you that don't know. The problem that the Western Alliance's and a lot of the banks have is after 12 years of zero policy. From April 1st to April 14th they had two billion dollars of inflows. Tuesday was March, excuse me, Tuesday was April 18th. That was tax payment day. What did the treasury announce? A hundred and a hundred eight billion dollars floating into the treasury. It came from the banks.

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