President Biden's Monday morning attempt to assuage concerns went over like a lead balloon.

 

'Rapid Deterioration': Major Rating Service Downgrades U.S. Banking System (townhall.com)   . . .Moody's — one of three major rating entities — downgraded its outlook for the U.S. banking system from "stable" to "negative" on Tuesday morning "to reflect the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank (SNY) and the failures of SVB and SNY," Moody's explained. 

In addition to downgrading the entire banking system, Moody's also issued warnings for several individual banks "with substantial unrealized securities losses and with non-retail and uninsured US depositors" that "may still be more sensitive to depositor competition or ultimate flight" and end up "with adverse effects on funding, liquidity, earnings and capital."

"The unrealized losses, specifically, have become substantial: . . ."

What We’re Reading: Bank Crash, Biden Family Corruption, Crazy In Cali . . . And More – Issues & Insights (issuesinsights.com)   . . ."The specific institutions being monitored by Moody's for "potential downgrades" include INTRUST Financial, Western Alliance, Comerica, Zions Bancorp, and First Republic."

 Nov 30 2020;...Obama 'vented his concerns about Biden and said "don’t underestimate Joe's ability to f*** things up"' | The US Sun (the-sun.com)

He then reportedly added: “And you know who really doesn’t have it? Joe Biden.”

Former senior aides to Obama - including former chief strategist David Axelrod and the now-hosts of hit podcast Pod Save America - similarly disparaged Biden's chances at points throughout the campaign.

 'Rewarding bad behavior': Vivek Ramaswamy rips bailout of imprudent SVB tech clientele | Just The News   "Would Biden have bailed out the uninsured depositors of a no-name oil-&-gas bank in Oklahoma?" wrote the entrepreneur and GOP presidential hopeful. "Absolutely not. This is Silicon Valley tech cronyism in its ugliest form.". . .

And here we are.