The characterization might be incomplete, but it's wrong to say it's wrong.
The key being, SVB, etc are symptoms. And while we should certain chat about it the focus should be on The Fed. Again. Just like it played a key role circa 2007/2008.
Given The Fed's mandate, how is it once again missing the mark? And where has Congress been? They're mandated with overseeing The Fed, yes?
Yet we're led to believe this is a banking problem? With little of no legitimate dicussion of foundational problems?
The key being, SVB, etc are symptoms. And while we should certain chat about it the focus should be on The Fed. Again. Just like it played a key role circa 2007/2008.
Given The Fed's mandate, how is it once again missing the mark? And where has Congress been? They're mandated with overseeing The Fed, yes?
Yet we're led to believe this is a banking problem? With little of no legitimate dicussion of foundational problems?