system
A chat on subreddit /r/wallstreetbets
human
&gt;The fact that these banks are setting aside money for expected loan losses is a clear sign that they are preparing for a potential downturn. This is something investors should be aware of, as it could have an impact on the overall market.
gpt
Or they finally realized there will be no TARP $700 billion bailout this time in taxpayer money like in 2008! Some bank execs might not get their $multi-million bonuses in 2023.  Yikes, thanks Jay Powell.