Authored by Mike Shedlock via,

We don’t need to up the FDIC limit, we need to eliminate the need for FDIC and create a safekeeping bank…

Creating a Safe Bank

How many times do we have to go down the duration mismatch road with fractional reserve lending and nearly $9 trillion of Fed QE to prove the current banking doesn’t work?

Once again, systemic risk morphed into economic stress, bank failures, and then a bailout of the banking system, not just Silicon Valley Bank.

If you think only depositors got bailed out, you are mistaken. The Fed put a system backstop on $600 billion in bond losses. And although bank executives will lose their jobs, they cashed out tens of millions of dollars in stock options along the way.

Specifically, we need a bank that puts 100% of its assets

Keep reading this article on Zero Hedge - Blog.

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