That red ink you see in so many bank earnings? Forget about it. Commercial real estate problems? Ha. Non-performing what? Zombies only exist in the movies! You didn’t actually think that negative shareholder equity meant the common stock was worthless, did you? All they needed was a huge taxpayer backstop and a license to use taxpayer cash however they please. The banks are back baby! When do tickets go on sale to see the next big crisis these guys cause?
![Cullen Roche](https://pragcap.com/wp-content/uploads/2022/01/Headshot2022-1-144x144.png)
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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