Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Troubling signs have returned to the banking sector one year after the failures of Signature, SVB and First Republic. New York Community Bancorp (NYCB) is the latest victim among bank lenders. Unfortunately, NYCB’s problems may be a harbinger of a wave of distress that will infect lenders as the commercial real estate loan maturity paywall crashes into the banking industry.
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