When will the torrent of cheap money dry up?

[paul]

“Wells Fargo recently reviewed its product offerings and decided to discontinue offering new Personal and Portfolio line of credit accounts and close all existing accounts,”

www.cnbc.com/2021/07/08/wells-fargo-is-shutting-down-all-personal-line-of-credit-accounts-.html

Previously:

"Based on public information, negotiations, and confirmatory discovery, the parties estimate the number of unauthorized accounts for the period 2002-2017 is approximately 3.5 million."

www.cnbc.com/2017/05/12/wells-fargo-fake-account-scandal-may-be-bigger-than-thought.html

Is Wells Fargo the only bank to have problems?

I have no bank debt so am safe from foreclosure - and I have spread my own deposits across a number of banks so that one bank failure would not be too much of a problem

[paul]

The wonders of paying for degrees has eroded values