US Banking system remains "sound and resilient"

A direct quote from the minutes of the March 2023 Federal Reserve Open Market Committee meeting is:

Participants agreed that the US banking system remained sound and resilient.

Does this give you a warm and fuzzy feeling? Is the above quote the new "inflation is transitory" meme? I humbly ask this esteemed group for its insightes.

Thank you in advance for the well thought-out, civilized and insightful discussion that I'm sure will ensue.

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PicturesOfABetterTomorrow · 41-45, M

Depends on who we are talking about. If we are talking about the billionaire and donor class banking is always stable. Even if the entire industry meltsdown they get a minimum of a golden parachute or even a raise and bonus for their incompetence. As for wealthy depositors the US government will empty the treasury to make sure they get every penny back. Anyone below multi millionaire it is safer assuming they are lying to you and acting accordingly.

SW-User

@PicturesOfABetterTomorrow

You'll never experience that rarified status posting commie shit from your mom's basement in your Stalin underoos

PicturesOfABetterTomorrow · 41-45, M

@SW-User Again I am not you. Quit projecting. Conservatism is the definition of trying to force the world to conform to your feelings because you failed at reality.

SW-User

@PicturesOfABetterTomorrow Yawn projection again. You have 2 generic responses to everything - and they both suck

PicturesOfABetterTomorrow · 41-45, M

@SW-User Again you are accusing me of your own failures.

SW-User

@PicturesOfABetterTomorrow

"I know you are but what am I" - part 10,766

OD'ing on jizz again eh twink boy?

PicturesOfABetterTomorrow · 41-45, M

@SW-User Again, that is all you. No need to scream it at me repeatedly.