Jamie Dimon: The Solution to the Bank Crisis Is Over

Michael Hudson: JP Morgan Chase CEO Jamie Dimon said that the crisis is over. He says all of the banks have suffered the same problem as Silicon Valley Bank, he says. Any increase in interest rates causes a crash in real estate, bond prices and implicitly stock prices, writes Hudson. The public has to be financially stupid for bank depositor's money to stay safe, argues Hudson. "It's really just a superstition that the financial system works to help the economy"