The Bank Run Genie Is Out Of The Bottle
by Quoth the Raven, QTR’s Fringe Finance: There isn’t much to say this morning. I’m prepping this note at about midnight EST, to be released at 5AM. I’m assuming the shit show from yesterday – a bank run on VC banks, crypto banks, and who knows what other banks – will carry on today. Upon calling it […]
Source: https://www.sgtreport.com/2023/03/the-bank-run-genie-is-out-of-the-bottle/
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Except this was NOT the bellweather ‘Lehman moment’ that sent all the other dominoes toppling. That quietly occurred a couple weeks back when BLACKSTONE’s big division FAILED, and was quickly buried.
Blackstone that owns HALF of COMMERCIAL realty across the US.
THAT began the Great Unravel, not SVB.
Next they’ll ignite the long expected DERIVATIVES meltown, w/ CHASE as the #1 perp. Its coming….