Please summarize the following text: NAME_1 is not the banking system -- it is contained.

Subprime is contained.

"We're gonna OWN subprime lending -- Mozilo"

Uh huh.

Who remembers me over on the Countrywide Yahoo finance forums back in 2007 before it all blew -- when I was shorting into price ramps on that stock because from where I sat they were a zero.  They were a zero.  It was a nice trade.

Who remembers me calling out WaMu in early 2007 when they were paying dividends with money they didn't have, and regulators did nothing?  That article is still here, if you look for it.  They were also a zero.

But NAME_2 NAME_3 is isolated, just like SVB.  Uh huh.  Sure it is.

How's PacWest doing?

Oh, not so good.  Let's see...oh, looks sort of like an impending zero.

But wait -- NAME_2 NAME_3 was it, right?

Sure it was.

There's no real problem here, right?  The TNX was down a full percent yesterday because..... the Fed will save it all, right?

No they won't.

Not because they don't want to.

They can't this time.

Oh, you think not eh?  How's your homeowner's insurance premium?  Your car insurance?  Your food bill?  You know, all that stuff you have to buy?  Yeah, you're reading this and you're probably middle class or better.  You're doing mostly ok.  You're on the right side of the bell curve, right?

Half the people are on the left, and they're not ok.  For them that 20% increase means they are taking payday loans to buy food, effectively and sometimes literally.

That ends the game folks.

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