Banks: Waking Up North Americans By Giving Them A Nightmare.

My advice is to get drunk now. After First Republic's bailout from other banks, and Treasury, The Fed and FDIC making all depositors whole at SVB and Signature, there's no way that they can do that for the next 180 banks who could theoretically go under, or if you prefer, become technically insolvent.

Jeff Snider, Steven Van Metre and Johnny Bravo are already all over it on YouTube. Waiting for The Maverick of Wall Street and Greg Mannarino, The Robin Hood of Wall Street.

UPDATE: If over 180 banks were to go down, all depositors would be wiped out, period. Why? Because the FDIC and CDIC simply don't have the assets to cover all depositors across a far reaching banking panic. This is a self-fulfilling and self-perpetuating hamster wheel: depositors panic and move their money to larger institutions. That undermines the small and regional banks as contagion spreads. So, in effect, it's more depositors that are killing the banks than the greedy and incompetent management that made so many banks already technically insolvent. How ironic is that? At some point, no bank becomes too big to fail. Even Canadian banks are potentially at risk, what with the real estate shenanigans which reportedly took place at BMO and CIBC. Fun, eh?