Gyroscopic Investing

Another excellent one:

https://www.c-span.org/video/?526808-5/ ... ystem&live

MARCH 28, 2023 | PART OF WASHINGTON JOURNAL 03/28/2023
Washington Journal
Rebeca Romero Rainey on the Stability of the U.S. Banking System
Rebeca Romero Rainey talked about the stability of the U.S. banking system and how the recent collapse of banks have impacted smaller banks.

SVB Collapse Shows Smaller Banks Can Pose Risk in Numbers

Former regulators say Washington has been too focused on ‘too big to fail’ banks


https://www.wsj.com/articles/svb-collap ... s-4c676894

Starting at 10 AM.

I will be watching. You?

https://www.c-span.org/video/?526939-1/ ... k-collapse

WATCH LIVE ON MARCH 28 | 10AM ET | C-SPAN3

Federal Officials Testify on Silicon Valley Bank Collapse
Officials from the FDIC, Federal Reserve, and Treasury Department testify on the collapse of Silicon Valley Bank, before the Senate Banking Committee.

Check out this graphic. It lines up with the trickle of (mostly un-hyped) articles I'm seeing saying stuff like "the banking failures aren't over" and "this one will be worse than 2008." But then again, this doom stuff always gets me all hot and bothered.



via

It may be an apples and orange comparison because 2008 was a completely different set of conditions. The worst of it was not concentrated in the FDIC institutions.The biggest failures in 2008 were investment banks. There is a note on the graphic that says they are excluded.
Lehman Brothers alone was more than $600B. Bear Stearns was about $400B.
It's a valid point that the three recent failures are not insignificant, but the graphic is still misleading.

I’ve been reading about banks a lot in the ‘Financial Times.’ (Just wantd to be a policeman or a fireman when I was five, but there we are). It’s a roller coaster. Like today, there’s a headline on the front page, “US banking shrugs off turmoil to post record haul.”