Now this is encouraging - banks

Wonderful bit of news from Town Hall:

'Rapid Deterioration': Major Rating Service Downgrades U.S. Banking System
Following the biggest bank failure since the financial crisis of 2008, Moody's Investor Service has downgraded its rating of the U.S. banking system in the latest sign that President Biden's Monday morning attempt to assuage concerns went over like a lead balloon. 

Moody's — one of three major rating entities — downgraded its outlook for the U.S. banking system from "stable" to "negative" on Tuesday morning "to reflect the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank (SNY) and the failures of SVB and SNY," Moody's explained.

In addition to downgrading the entire banking system, Moody's also issued warnings for several individual banks "with substantial unrealized securities losses and with non-retail and uninsured US depositors" that "may still be more sensitive to depositor competition or ultimate flight" and end up "with adverse effects on funding, liquidity, earnings and capital."

Buckle up - going to be an interesting ride.

I have several K in small-denomination silver as well as plain old greenbacks.
Use local banks and credit-unions for my financial services.

Now is a good time to go small and play everything close to your vest...