The Fed set the reserve ratio for banks to zero percent in 2020 which absolutely contributed to this latest banking crisis. I wonder why they haven’t reversed course as that would seem a prudent course of action to protect depositor funds from being used for leverage speculation. [0]

[0] https://www.federalreserve.gov/monetarypolicy/reservereq.htm

Not an economist*

Also a problem is that the primary lever we seemingly have to impact the economy is the feds manipulation of interest rates, but what happened to taxes? The have been so politicized that all is left is the wide scatter shotgun effect of rate changes.

Could someone explain what exactly this means in simple terms?

Since I haven't seen it yet, I'll throw the notion out for dissection: Is this economic warfare (maybe against China)? Was the SVB run triggered by specific, identifiable individuals, whose ties to whatever states could be proven or disproved? The other banks likewise, are they all dominoes or were they kicked by linked forces?

There's all this commentary about how easy these bank failures were to see and how widespread the instabilities caused by interest rates rising are. It's easy and fun to be Captain Hindsight but really, no one whose job it was to foresee and prevent these things, saw this coming? No one suggested steering the banks a bit better?

Was the base motive profit or "break shit"?

The fact that they feel the need to do stuff is ominous in itself

Why not let the market regulate it ? /s

So the Fed hikes in order to cause fiscal pain, succeeds, then bails out the international banking cartel with unlimited liquidity secured by bonds under par. Where is the liquidity bailout for single parents who lost their jobs due to Fed hikes? Can they get HELOCs at sweetheart valuations so they can survive the rate hikes, too?

It's abundantly clear to me at this point:

1) Fractional reserve banking is inherently unstable and no amount of regulation or insurance schemes can prevent bank failures. A major rethink of our monetary system is in order: One that keeps credit allocation and money creation in the private sphere without guaranteeing interest rate arbitrage on all new money to a privileged class of authorized Ponzi schemers.

2) The Federal Reserve Bank is merely a creature of its owners: The international banking cartel. It does not serve the people--rather, treats them adversarially--and the mechanisms of accountability that exist are obviously insufficient. However, increasing the political accountability of the Fed will likely result in a failed political monetary policy. We need to re-evaluate whether the Fed is fit for purpose.

3) At the very least, the Fed must be forced to grant charters for narrow banks, be put in public trust rather than continue under private ownership, ban bank employees from staffing Fed positions, and become radically more transparent in virtually every way. Oversight must be reorganized and democratized. The toxic nexus of fractional reserve banksters and their political and governmental enablers must be destroyed.