There is no major banking problem ... yet. The world media, all of it, is bound to talk us into one.
Banking and markets float on two things: greed and perception.
The SVB situation is not a banking meltdown but a normal business failure capitalism expects. The reaction of the fed to take receivership to stop a run before the bank defaulted is good but the reaction of the politicians, including Yellen and Powell, border on surprise which is being magnified by a disaster-seeking media into panic.
They are going to stir sensitivity to every minor bank and business loss around the world magnifying the emotion to panic. Somewhere in some community there will eventually be a panic at some bank leading to a wider national bank run of unprecedented scale.
I don't think people are working to stop this. Everything I see seeks to exacerbate the negative even back to old Roosevelt quotes given in the midst of a real social collapse. The media is fanning both the greed and the perception flames.
These guys are going to talk us into a banking collapse. Yes, it's time to panic.
Stop Tzar Vladimir the Condemned!