The Silicon Valley Bank crisis has given us some lessons. It’s the regional banks that support the people through loans for commercial and residential real estate and for small businesses and homeowners. Big banks are purely profit machines, dependent on very low interest rates, supporting highly risky adventures like start-ups. They are the lottery players in the banking world, and now the public, through larger banking fees, will pay for their misguidance, incompetence, and greed. Summary, now we, as in you and me, bail out incompetence and greed. Our return will be higher interest and more difficulty making loans. Wonderful.
Random thoughts and used ideas