And again we see banking regulators in government are never held to account for their failings in this disaster.
Also, I truly cannot understand why the all-knowing Fed has decided that ratcheting up rates at the pace they have been, is a good thing.
Comparing Banks failing and interest rate increases are like comparing apples to oranges.
A basic question "Who is suffering and why" ?
I'm going to pull a number our of thin air. 90% of Americans have nothing to lose when mega banks fail.
On the other hand 90% of Americans are being squeezed by inflation (groceries, taxes, insurance, auto repairs, etc)
Raising interest rates will bring down inflation (Paul Volcker)
Bailing out mega banks is eventually going to be placed on the backs of American's.