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Over the last week, three U.S. banks have failed. More banks are under extreme stress. This stress is not new and was not unknown but is becoming common knowledge rapidly. We may be in the early stages of a banking crisis.
Why are banks failing?
A useful heuristic from bond math
Maturity transformation
Liquidity problems are the proximate cause of bank failures
Trying to forestall a banking crisis
Deposit insurance expansion
Deposit insurance also some legacy issues
What would happen if my bank were to go into receivership this weekend?
What should users of the banking system do?
We may be in the early stages of a banking crisis: why, what we're doing to avoid it, and what we may not get about it.
We are not affiliated with Patrick McKenzie. This unofficial audio edition is available to listen to and share for free. Read the original on Bits about Money.
Duration
~46 minutes (44K characters)
Release date
Mar 14, 2023