We only, publicly, know of a few banks going down. In truth, 99% or around 5,000 are bankrupt in the US. They will all fail.
The FDIC has around $200 bil to bailout accounts up to $250k. The Fed Res is set to have access to FRN’s to the tune of 10’s of trillions from the Treasury. Here’s the kicker:
The banks are losing $100’s of trillions. You do the math.
A matter of time. It’s way way over.