Mentioned in the article, Chart 7 from an FDIC report [1] is concerning, specifically that currently there are “unrealized losses on available–for–sale and held–to–maturity securities totaled $620 billion” — which appears to be not only a recent trend, but roughly 10x more than any point in recent history, including during 2008.
Is anyone able to provide more context and clarify how significant these losses are to the US banking system beyond what’s covered in the article?
Is anyone able to provide more context and clarify how significant these losses are to the US banking system beyond what’s covered in the article?
[1] https://www.fdic.gov/news/speeches/2023/spfeb2823.html?ref=b...
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EDIT: For the unfamiliar, OP article’s author is a notable user on HN:
https://news.ycombinator.com/user?id=patio11