Deposits went into svb and other banks. it took the risk to another level. in other words, these guys ran the economy at 150 miles an hour and then slammed on the brakes. what you are seeing now is the resulting car crash. the only thing we don't know is if this is a two car crash or 20 car pileup on the highway. if they had just acted the summer of 2021 when you first got that inflation, 5.1%. if they had said, okay. we have a problem. this is not transitory. it's real. if they started raising rates then, they could have done it more gradually. we wouldn't have needed such a violent cycle of ...