Always respected Alex Johnson as an astute observer and expert in fintech and banking. His take on the rectified debacle with SVB and Signature banks, among others, is a refreshing take on the still unfolding saga.

WAGMIWhat happened? Janet Yellen, Jerome Powell, and Martin Gruenberg shared an update: After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to...