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Banks allowed to have 0% in reserve since March 2020 Are we surprised they going bankrupt? AMC MOASS
1 year ago
11
The federal reserve allowed banks to have 0% in reserve since March 26.,2020 So when interest rates went up and loans became non performing and unrealized losses started piling up with bonds The banks didn’t have any money All US Banks are severely over leveraged just like the market makers and hedgefunds
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