“‘Unrealized losses’ on securities – mostly Treasury securities and government-guaranteed MBS – at FDIC-insured commercial banks at the end of Q3 jumped by $126 billion (or by 22%) from the prior quarter, to $684 billion, according to the FDIC’s quarterly bank data release on Wednesday.”
Analyst Comment: The regional banking apocalypse is not over.. just delayed. The fed will have to print faster than ever before to prevent a complete meltdown in banking.