Mr Cooper Group Inc (COOP)

[Civil War General]

Several big banks put deposits in above the $250,000 insured level to shore up this bank. Didn’t work.
The cause of these “failures”???
The private Federal Reserve raising interest rates to presumably quell inflation.
But inflation is caused by rising oil prices and their excess profits over and above their historic margins because they can.

The rising rates caused bond yields to rise and these banks got caught with their pants down because they didn’t sell the bonds they were required to own.

Of course the 10 member banks that sit on the Board of Directors of the Federal Reserve all knew what was coming and made plans well in advance.

This was planned and known well in advance just like what happened to WAMU.