There are many authors and commentators on Seeking Alpha who understand the American banking system. There are others who do not. This article provides an overview of its functioning and recent history, and my perspective on the likely outcomes and implications. I wrote it so I can refer to it in other articles, without having to devote half the article to explanations. And it turns out that understanding does lead to some insights for portfolio strategy. I hope readers find it informative and useful.
The US banking system simplified
We start with the simple story.