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[DDIntel] The Fall of Banking

Justin Chan, Ph.D.'s avatar
Justin Chan, Ph.D.
May 21, 2023
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Photo by Micah Williams on Unsplash

The future of 722 US banks hangs in the balance as they face the risk of bankruptcy, with unrealized losses exceeding 50% of their capital, according to a recent briefing from the US Federal Reserve (FED). The closures of several banks have sparked speculation about a controlled demolition of the financial system. 

The …

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