Most US banks are insolvent now. Does the US government have the capacity to backstop?

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BofA HTM losses soar to $131.6 billion, up $26 billion in Q3 and the highest on record. pic.twitter.com/XiKXqjQW53

— zerohedge (@zerohedge) October 17, 2023

See also U.S. banks face $329B losses; Wall Street revises Fed outlook: Fewer 2025 cuts, hikes more likely.

NEW: The significant decline in 🇺🇸 US bonds results in US banks facing an almost record-breaking unrealized loss of ~$600 billion 😮 pic.twitter.com/xjhkQdEU19

— Bitcoin News (@BitcoinNewsCom) September 30, 2023

See also The drained BTFP leaves regional banks exposed, risking collapse under Trump’s administration. A rug pull is imminent?

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