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While the regional banking crisis seems sudden, the FDIC has known about it for AT LEAST 4 years now. Watch as FDIC Board Member and former Chairman, Martin Gruenberg, warned about the collapse of regional banks in 2019. He said that "regional banks have received very little attention since... show more
511,435 Aufrufe • vor 3 Jahren •via X (Twitter)
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This is likely your first time seeing this clip, it has minimal coverage. The speech was at the Center on Regulation at Brookings. Supporting large banks has been the focus since 2008, we are now paying the price. Follow us @KobeissiLetter for more analysis as this develops.

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He knows they'll get bailed out. They're too big to fail!

The regional banking crisis is alarming. Despite Gruenberg's 2019 warning, the FDIC didn't act. Reasons may include politics or short-term focus. We need better oversight, transparency, and risk management to avoid future collapses.

@BrianEstes32 The real impact on the street is commercial refis the next 5 years. Get out while you can

And commercial real estate will be the nail in the coffin.

FED IS BROKEN

But thet did! They introduced pandemic! It was exactly for this reason. In September 2019 Blackrock issues the data and then Feb 2020 Covid. They did not leave the problem unattended :)

It didn't take a degree in Finance to forsee that all the deregulations passed since 2017 would have catastrophic consequences on regional banks within less than a decade bc Of Course they're as Greedy & careless as ALL the large banks, so what did ppl seriously expect? smh

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Something was done? They deregulated them.
