The Third Big Mistake Banks Made in the Last Year

The bank's main job is to give a loan to a company, which is far less liquid than treasuries. Regulators think it's a great thing if banks can have more liquid assets and safe assets. So that's very strange that they took these losses. And then you just need some of the big wholesale deposits to start to think, well, hmm, what have they been doing here? This is very strange. Maybe we should pull out our deposits. Now that's extraordinary. Why on earth would you ever do that?"