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The short version: it's entirely possible that this is a one off, other banks will be fortified, and the FDIC will protect the deposits. In a few weeks/months this will be just another bank failure and we all move on to the next Huge World Ending Crisis (Trademark Pending).

The Long Version: Please watch the Big Short

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Fingers crossed.

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I had Noah’s latest post just before this one. I love his blog, but oftentimes when he gets in the weeds about economics, my little brain is in the habit of turning off. After reading your post I feel like I have an understanding of what happened. Thank you teacher!

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You're welcome! Noah helped me to understand (although I read a bunch of other articles too!).

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