4min chapter

The Loonie Hour cover image

Fed Hikes Rates Despite Banking Crisis Spreading

The Loonie Hour

CHAPTER

The Fed's Pre-Emptively Cuts Rates

If there really was a banking crisis, I think the Fed will be very strong. The large, systemically important banks are actually under capitalized. There's 4200, 4500 banks in the United States. Regional banks are under a significant amount of pressure due to exposure to real estate market and MBS.

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