from Balaji | by Balaji

The Fed knew a banking crisis was on the way. And that their rapid hikes had caused it. Just 4 community banks had issues in late 21. But **333** did just six months later! Due to big unrealized losses, caused by hikes. Dangerous in a bank run… t.co/i3xMQGss8z t.co/CJFWxyPEjZ

If it's one bank, it's a bank problem. If it's hundreds of banks, it's a central bank problem. To their credit, the KC Fed note acknowledges the Fed caused this ("the rising interest rate environment has led to unrealized loss positions"). PS: SVB had >$10B in assets, so didn't… t.co/gxN8bvJMpv t.co/qMWuxr4NXA