Repo madness is back! We are on the cuffs of something that we aren’t prepared for

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Factcheck: Recent Fed repo injections have been larger, like $74B in Dec 2025 and $31B in Jan 2026. $18.5B ranks among the top but isn’t the 4th largest since COVID based on reports—others exceed it. It does surpass Dot Com peaks per historical comparisons. Not unprecedented, though it signals ongoing liquidity needs.

Alex Mason 👁△
@AlexMasonCrypto
🚨 U.S. BANKS ARE ABOUT TO COLLAPSE…

They’re hiding it. The filings tell the real story.

I spent 14 hours going through Q4 bank earnings, and it’s far worse than anyone admits.

If you have money in a bank account, you need to read this.

Here’s what I found:

1. THE A/B NOTE GAME

Banks are quietly restructuring office loans into A/B splits.

The A-Note reflects what the building is actually worth and gets paid first.
The B-Note is a placeholder. A hope asset kept on the books at face value.

This isn’t accounting nuance. It’s how they avoid write-downs.

If those B-Notes were marked to zero, Tier 1 capital ratios would fall below 4.5% immediately.

2. THE REAL LIQUIDITY RUN (FHLB)

Depositors are not as protected as they think.

Everyone watches the Fed’s Discount Window. The real stress signal is the Federal Home Loan Bank.

I checked the filings. The FHLB holds a statutory super-lien.

They get paid before the FDIC.

When regional banks fail, the FHLB drains liquidity first. The insurance fund and depositors are left with what remains.

3. THE SASB CLIFF

Forget conduit CMBS. The damage is in Single-Asset Single-Borrower office loans.

Delinquencies on 2021-vintage SASB office paper just crossed 12%.

I found a mid-sized bank carrying a downtown office tower at $400 per square foot in its HTM bucket.

The building next door just cleared at auction for $80 per square foot.

By shifting assets to Held-to-Maturity, banks opt out of AOCI.

Translation: they’re allowed to ignore market prices as long as they promise not to sell.

THE TRAP

Stock prices are being held up while insiders unload exposure through Synthetic Risk Transfers into private credit.

Book value is propped up by accounting.
Market value is already gone.

Retail is being invited to buy the dip.

Don’t.

I’ve been in this game since 2010, and my job is to help YOU make money.

I’m about to make the largest investment of my life. When I do, I’ll share it here publicly.

If you want to win, turn notifications ON.

Non-followers will regret it.