The Fed was too straightforward (as if with the help of a hammer) to deal with the consequences of Bidenflation. The three U.S.
banks that failed this year weighed more than the 25 that collapsed in 2008. At the center of the perfect storm is the clinch in which Joe Biden and the Republicans came together. Biden has an option in the form of the 14th Amendment to the Constitution, which, Congress, can bypass the current banking trouble. If Biden gets into trouble, it will raise the question of presidential power in its form.