The U.S. banking system is sound and resilient.
Since March, these are the words the Federal Reserve has used to assuage fears around the “mini” banking crisis we face today.
I say “mini” because, from 2008 to 2009, more than 400 banks failed amid the great financial downturn. After last week, we’ve only had three bank failures in 2023.
Today, I’m going to tell you why I think the Fed is taking such a laissez-faire approach to the banking crisis and how our Green Zone Power Ratings system showed these banks were ones to avoid … even before this “mini” crisis.
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