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Time to Buy the Banks? And What’s The Fed’s Next Move 3/20/23

CNBC's "Fast Money"

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The FDIC Chairman Says It's 620 Billion Dollars

100% I think it's ludicrous to think that these major money center banks don't have similar mismatches as far as maturities. All of these banks are going to be forced to be really transparent you know why because all these major bank CEOs they're on speed out with the White House, FTC and there's no having this sort of stuff. The duration risk is irrelevant to me. Well we'll see I mean I'm just saying I have no knowledge of it. Kate you'll have some knowledge. We do know from the FDIC chairman that at the end of 2022 unrealized losses were 620 billion dollars. Yes and they're to say it's 620 billion is not just Silicon

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