Fed Downplays Bank Crisis As Another Bank Teeters | Jim Bianco
Forward Guidance
The Fed's Bias on Bank Failures
We don't need another bank failure. The only reason we're going to, if we get another bank failure, it's going to be panic among the equity holders. A third of the workforce works for a company of less than 100 employees. If people keep leaving for the rational reason that they want to yield and those banks are impaired at handing out loans, the entire economy has a problem is what it has right there. And that's why I think that this thing is not going to stop until we close that gap between deposit rates and market rate base rates.
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