Surveillance: Banks In 4% Rate World
Bloomberg Surveillance
00:00
The Fed's Responsibility for the Banking Crisis
The idea of losses, the ultimate utility that can stay there and not have any impact, I think is sort of a fantasy. The world has changed. The deposits are mobile. They're really, Google say, a click away. And so I think that if deposits move in search of better yields, then banks have to realize their losses.
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