“The fact that six weeks ago almost no one was talking about banks’ balance sheets, let alone bank runs, and today everyone is making it seem as though this crisis came out of nowhere. But its true origins go back almost exactly three years, to spring 2020. The banking system’s current woes are in a real sense a product of the pandemic.” A very clear and interesting analysis of our current bank woes from James Surowiecki in The Atlantic.: What Really Broke the Banks. (Spoiler Alert: They had too much money.)