On Friday John Batchelor interviewed someone who actually knows what he's talking about regarding a banking crisis:
This morning the Associated Press published their latest report on the disaster, which features this great quote from somebody I never heard of before:
Monday will surely be a stressful day for many in the regional banking sector, but today’s action dramatically reduces the risk of further contagion.
-- Economists at Jefferies
The AP's entire report is posted here:
U.S., U.K. try to stem fallout from Silicon Valley Bank collapse [Video] (aol.com) - KEN SWEET - March 13, 2023, 6:09 AM