So this is why stocks are driving higher ?

https://www.zerohedge.com/markets/y...lending-firm-processing-over-2tn-transactions

ICBC was hacked in November they cleared 25% of UST market now they clear zero. I'm sure the same fate awaits these guys.

 

Zerohedge = Zero Net Worth if you follow their never ending Doom and Gloom nonsense

 

They were Ok during the 2008-2009 meltdown. They just never expected the kind of printing, debasing, destruction which the Fed would engage in..in order to bail out Goldman, JP Morgan et al. They never dreamed the Fed would be willing to Print $20 Trillion since 2010. But Goldman, JP Morgan et al knew...and got incredibly rich from all of it. To be fair... the damage done during the subprime years was enough to validate the Zero Hedge type of doom. 666

 

garbage news in ---> garbage out

 

For several reasons this is nonsense.

 

you could have gotten incredibly rich too.

 

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I see your points, + big bank points.
But not expecting FED to do, what the FED has always done, manage money supply + regulate banks...HUH??
One of my pet peeves is the talking snake media pretending all smaller banks [somewhat]; are as poorly run as SVB so customers pile into big banks /LOL.
Some did leave for higher rates, which may or may not have included bigger banks