The Economy Gets Wrung Out – WSJ

So now what? You don t just lose Silicon Valley Bank, Signature Bank (used by fake heiress Anna Delvey) and Credit Suisse in a week without repercussions. We saw hundreds of billions in stock-market value and tons of debt vaporized. Yes, all U.S. bank deposits are now supposed to be fully insured. And yes, the Federal Reserve has rolled out a new Bank Term Funding Program that offers banks one-year loans against underwater Treasurys and mortgage-backed securities at par value. Wow. Last week the Federal Reserve announced a currency-swap line, basically to help foreign banks. But is that even enough?

via www.wsj.com

Somebody needs to craft a really good prompt so we can ask chatGPT-4 what to do.