What's Happening to the Big Four US Banks?

The four biggest US banks combined lost 52 billion in market value. JP Morgan predicted this very bank would have this problem because of Biden inflation Remember he inherited 1.4% inflation rate went up to not 9.1 thereabouts and as a result the Fed goes crazy raising interest rates. This bank out in Silicon Valley had invested, you know a fortune a long-term 10-year Treasuries and then when the money came due and they had to pay their depositors They had to sell at a huge mass of loss for the bank Again, the root cause of it is Biden inflation but if you look at the four biggest US Banks 52 billion of lost value as of yesterday and a 1