archive.is/0p7wA#selection-2393.4-2393.73
by Ambrose Evans-Pritchard
“Temporary measures have calmed the market but half of all US banks are running short of deposits with assets worth less than their liabilities, and we are talking about $9 trillion,” he said. “They are bleeding capital and could not survive if something triggers a sudden loss of confidence. It is a very fragile situation and the Federal Reserve is watching it closely”.
h/t mark000
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