Geopolitical Economy Report • 418 implied HN points • 14 Apr 23
- Before the collapse of Silicon Valley Bank, it lobbied to remove regulations and then received a bailout, benefiting billionaires. Americans are angry at the corruption.
- US banks collapsed in March 2023, leading to massive bailouts for wealthy depositors, showing a pattern of blatant corruption and regulatory capture in Washington.
- The banking crisis is far from over as unrealized losses on investment securities have reached over $600 billion, indicating a potential larger collapse ahead due to rising market interest rates.