
The Banks Most Likely To Go Bust

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There are a lot of complex questions relating to the collapse of Silicon Valley Bank (SVB) that will go unanswered for years. Following the banks’ fall from grace, and causing perhaps one of the most frantic banking crises since 2008, investors and depositors, and even government committees remain puzzled over the legitimacy of America’s banking system and the future risks that could be bubbling underneath the surface.
Considering how these events unfolded over several months, which was a culmination of poor risk management, inadequate regulation, bulging interest rates over the last two years, and liquidity issues; novice investors could learn from these failures alongside their more seasoned peers.
(more…)The criminal executives from some of the bigger failed banks were dragged in front of the Senate today to explain how Nothing Is Their Fault. Some of you might think I am an unfiltered person. I assure you, I am not. I’d say I keep my mouth shut about 95% of the time. I’m definitely going to refrain from describing, in grotesque and lurid detail, precisely what I think should be done with every banker in the United States. Please enjoy the show below. It’s a delight, albeit a farce.
I’ve had countless “fish that got away” situations over the past eighteen months. One of them is MetLife, which is a fantastic short from which I profited. Sadly, I took profits a few weeks ago, and this thing looks like it could get utterly blown to pieces before it’s all over. Congratulations to those of you to were more patient than lame old Tim.