Banks Sell Off Hard: This Is How Credit Cracks
The rest of the market appears to be noticing what I've written about for months.
For years, I’ve warned that regional banks and private credit were living on borrowed time — propped up by commercial real estate exposure, subprime auto lending, and generous marks on illiquid loans. On Friday, the market finally seemed to notice. And it came after a warning I issued about macro data that hit the tape before the weekend:
