In the past week, two critical events unfolded in the banking sector. First, Heartland Bank in Kansas experienced an outright failure, leading to its doors being closed by fdic. The second incident involved an organized merger between PAC West Bank and Bank of California, facilitated by the US government to prevent a potential failure.
banks are in business to loan money, they are raising approval so that people can’t get a loan,
and feds raised rates so peoples can’t afford the payment,
buckel up ready for an upset here it comes with the next rate increase