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This Bank Crisis is Already Worse than 2008. And now PacWest is Cratering!

By: Fiz in 6TH POPE | Recommend this post (0)
Thu, 04 May 23 2:22 AM | 31 view(s)
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Msg. 42227 of 60008
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At least in terms of equity lost by shareholders, this banking crisis is supposedly already worse than what happened in 2008. (i was looking for the article which provided that as a 'fact' but haven't seen it again.)

Regardless, another domino is getting ready to fall:

http://www.zerohedge.com/markets/here-we-go-again-troubled-california-bank-pacwest-craters-60-report-it-seeking-buyers-or

I think this becomes less controllable the longer it goes on. So far, he banks which have gone bankrupt have been bid, but the collapse has ben manageable.

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