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PoodleScone
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Comments by "PoodleScone" (@poodlescone9700) on "DW News" channel.
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@warrenwalker8170 Please explain how loaning money to risky businesses and increase in interest rates relate to Dod Frank.
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Your solution is garlic and butter.
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Your government denied emergency use authorization of Pfizer and Moderna in January 2021! The Indian Government caused their own catastrophe and then chose to lock down making an economic problem.
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Interest rates happened.
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Most people's money are safe. The reason is these regional banks had huge exposures to tech in the form of VC and crypto. These failing banks held large balances from VC funding and overbought into low interest treasuries as rates increased. Throw in a run on banks by panicked investors and it is a receipt for failure. The average mom and pop business are with large institutions with reasonable cash flows and loans. Nobody is flooding them with VC money.
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