2nd and 3rd biggest bank failures in the US history happening just in 3 days (SVB and Silvergate)...

Many questions surrounding this phenomenal series of events answered here:

1) Is it a bailout?

2) Are the depositors of SVB made whole by taxpayers’ money?

3) Is there contagion risk to Asia and Europe?

4) Will this financial instability stop FED from raising interest rates?

5) Is the US Treasury Bill really the safest asset in the world?

6) What would happen to the Dollar in this context?

Also mentioned:

• Credit Suisse CDS at all-time high

• SVB previously lobbying not to go through stringent stress tests

• SVB lacking a Chief Financial Officer for 8 months

• SVB Chief Administration Officer’s previous role being CFO of Lehman Brothers ;)

• Barney Frank saying “Regulators wanted to send the message that crypto is toxic”

C Thomas Printer Cooperative: a place to make you think, make you remember, and make you smile