Recent reports from Moody's paint a concerning picture for the U.S. banking sector. As a direct consequence of the Federal Reserve's aggressive interest rate hiking cycle, systemic risks have found their way into the ledgers of several financial institutions. The estimated unrealized losses sitting in their securities portfolios might be as staggering as $650 billion. The banking industry needs to brace for potential turbulence
I hope they're current on their donations to the DNC.
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It's for defending democracy
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