I hope you're paying attention.

From ZeroHedge, a mando-follow during this banking crisis we have on our hands:

If the Fed does not contain the regional bank collapse, there will be another great depression.

Small/medium banks account for 50% of US commercial and industrial lending, 60% of residential real estate lending, 80% of commercial real estate lending, and 45% of consumer lending.

Here are the receipts:

Click to zoom

Yeah.

• 50% of commercial and industrial lending
• 60% of residential real estate lending
• 80% of commercial real estate lending
• 45% of consumer loans

Those numbers are colossal. A widespread failure of small and medium banks would implode the American economy. It might even be worse than the Great Depression, should a worst-case domino-effect scenario take hold.

And regional banks are in absolute shambles right now. The White House has even resorted to calling up Warren Buffett to ask him to bail some of them out.

So what does the Fed plan to do? Why, keep raising rates!

Lord have mercy.

Stay prepared and keep your eyes open, guys.