The real impact of SVB and other bank failures

[Mike Dymski]

There has been lots of talk in the media and on the forums about the causes of SVB and the other bank failures...and whether or not the government and taxpayers should bail them out.  A lot of the discussion is just noise...and the true implication of the failures has received little press...which is the possibility of much tighter credit going forward and that impact on the economy.

Feel free to share your thoughts.

[Eric Bilderback]

I see your point and as a practical matter you are probably correct.  SVB going down points out to what I think is a much bigger problem (not as practical) that our financial system is unsustainable.  Our system is more artificial and less market based than I think it has ever been.  Our economy is becoming less efficient and less productive.  These bailouts are just further proof that we never intend to right this ship.