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Analysis

$620 Billion In Bank Losses!

Photo by Cristian Palmer / Unsplash

Martin Gruenberg, the head of the FDIC, which gurantees bank deposits, said on March 6 that there were $620 billion in unrealized bank losses in the US banking system.

Those losses are the result of banks not hedging their interest rate exposure plus the losses are triggered by Fed tightening.

Excuse me, I'm looking for some sand to put my head in.

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