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Bloomberg Wall Street Week March 24th, 2023
Wall Street Week
The Banking Crisis
I would almost take issue with the idea that there is a crisis as such. We have to recognize that what we're looking at are banks which by and large are extremely solvent. A little tightening of lending standards is going to be quote unquote off the screen. So it's a really unknown, but we did a search today of Google Trends FDIC Insurance. And after a giant spike up, it's come down aggressively. I guess it matters whether they think they're in a crisis or could go into a crisis because it really affects their willingness to lend to some corporations. That is what the problem is for equities over time.
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