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There is a lot more going on here than just one, no two, now three banks.

Eurodollar University

00:00

The Federal Reserve's H8 Release on Commercial Banking

First Republic Bank in the same general vicinity, same general issues. Yet we also have other identified problems, not just those banks, but other banks in the US as well as around the world. So really since credit Suisse and forward, bank credit is way off. Seeing as I said, up 15 billion, the week of April 19th, but that is still 65.5 billion lower.

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