No Bailouts. No 'Too Big to Fail' Bullshit. Let It Burn.

The U.S. banking system is on the verge of a much bigger collapse than 2008. Banks own long-term paper at extremely low interest rates. They can't compete with short-term Treasuries. Mass withdrawals from depositors seeking higher yields will result in a wave of bank failures.

— Peter Schiff (@PeterSchiff) March 10, 2023