MYOBTC on Nostr: Half of America’s banks are potentially insolvent – this is how a credit crunch ...

Half of America’s banks are potentially insolvent – this is how a credit crunch begins

The twin crashes in US commercial real estate and the US bond market have collided with $9 trillion uninsured deposits in the American banking system.

https://www.telegraph.co.uk/business/2023/05/02/half-of-americas-banks-are-already-insolvent-credit-crunch/