140
I blame avocado toast
(hexbear.net)
https://finance.yahoo.com/news/no-one-saw-coming-kevin-133000274.html
“No one saw this coming,” entrepreneur Kevin O’Leary said in a recent interview with Larry Kudlow of Fox Business. And O’Leary believes the issue will manifest itself in the regional banking sector. “These banks are going to fail,” he said, “because up to 40% of their portfolios … are in commercial real estate.”
That $1000 you have in the account is actually worth $10000 to the bank. They can loan your $1000 to 9 people and charge them all interest.