this post was submitted on 05 Jun 2023
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United States | News & Politics

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US banks prepare for losses in rush for commercial property exit (archive.ph)
submitted 2 years ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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[โ€“] UFODivebomb@programming.dev 2 points 2 years ago (1 children)

Probably going to be, somehow, a bailout paid for by us.

Otherwise I'll invest in a tiny violin.

[โ€“] yogthos@lemmy.ml 0 points 2 years ago

Most likely a bailout for big banks that are going to absorb the smaller failed ones leading to more bank consolidation. At which point the question is why even have a private bank as opposed to a state bank.