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LEARN MORE ABOUT: Bank Failures
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It is a well-known fact that the banking industry plays a pivotal role in the global economy. Lately, there have been various reports and speculations about a possible collapse of the banking sector.
In recent years, there have been several high-profile bank failures. The most prominent one was the collapse of Lehman Brothers in 2008. It caused a massive ripple effect that sent shockwaves throughout the global financial system, leading to a prolonged economic recession.
Currently, observers are warning about the looming collapse of large financial institutions. They are pointing to several factors like increased debt levels, liquidity crunch, and the impact of the COVID-19 pandemic on the economy.
Unfortunately, policymakers seem to be complacent about the warnings. The US Treasury, for instance, has refused to bail out struggling banks, indicating that they must take responsibility for their actions.
This stance by the Treasury has raised numerous concerns, with some experts warning that such a decision could result in significant consequences. For example, if the Treasury refuses to bail out banks, it could lead to a chain reaction – nonpayment of debts by one bank could trigger similar events in other financial institutions.
This outcome could lead to financial turmoil on a scale even greater than that of the 2008 crisis. A collapse of one massive bank could also lead to global contagion, causing other banks to fail and further aggravate the economic situation.
Despite the potential risks, it remains unclear whether policymakers will take the necessary steps to prevent a potential banking sector collapse. It is crucial for governments to recognize the critical role of the banking sector in the global economy and take the necessary measures to address the underlying issues.
In conclusion, the warnings of an impending banking sector collapse should not be taken lightly. Although policymakers have refused to bail out banks, they must take responsibility for their actions and implement policies that promote stability in the financial sector. Failure to do so could lead to a disastrous outcome.
My Massachusetts bank is FDIC and DIF secured. From my research, I am 100% protected for everything over $250K because of the DIF.
This video is kinda irresponsible.
This reminds me of the dictator movie where the guy says “when your friends gamble and get in trouble, you can bail them out!”
so run on the banks?
During the great depression they closed ALL banks for 2 weeks, not just the small ones.
People panic super easy….toilet paper! 😉
California is in deep crap financially
Capitalism at it's finest
Can I get a bailout for my Ark etfs?
Kevin your throwing a lot of negative energy and creating fear. I hate your content when you do this.
Take a lesson from the YouTuber on The Plain Bagel. He gets the message across without Fox (fake) newsing his viewers and causing panic.
Everything is fine is the US banking industry, LOL….This is just the beginning…… BTC is going to the moon….lets go. Imagine the hit to the Bay Area of CA…… maybe that will be the change needed to reduce the high cost of living there. The Government didnt bail out BlockFi……why should they bail out a SVB. Give them the 250 and thats it….. no bail out for banks.
What about American express savings account???
Kevin never met George Bailey. Relax. It's a Wonderful Life.
You haven’t even mentioned the dollar peg breaking. That’s a HUGE deal. Buckle up folks .
Emergency Treasury Action just happened………..now they will pay above obligation…. To make customers WHOLE!!!!!!
these stupid people were involved in the crypto idiocy so unless your bank is doing the same you are no worse off than last week
They just bailed out all of the depositors.
Hedgefunds are going to go bankrupt by doing this
It shouldn't surprise anyone that situations like this happen. What should surprise you is that it ever functions at all considering that the entire Earth's financial system is built on a bedrock of greed.
What Is a Bail-In?
A bail-in provides relief to a financial institution on the brink of failure by requiring the cancellation of debts owed to creditors and depositors
SVB is at fault. Gross mismanagement of money
thats a nice vest kevin.
I’d rather bailout a bank than pay for Ukraine
If they bailout these banks wouldn't that be inflationary?
19:33 .. She the Boss!
I only have a 180K in my bank but I'm taking it all out tomorrow.
No one should be bailed out. When you open an account you know it’s a risk to have more thank 250k in there, so live with it. Banks are a fraud