The guys with all the money want all their money to produce more money. The riskier the investment then the more money their money produces. You can see how this can be an incentive for them to make REALLY risky plays? That's why it's so important to regulate them... problem is that Banks are going to work day and night to find risky things to do in order to throw money at it (that's why we went from CDOs to CLOs: they are basically moving around regulations, but they're still selling risk).
Ohhh, I forgot to mention that in the end all these banks are waaaay to important part of the US economy, if they die we all die (theoretically) so they know the US gvt will bail them out in the end so the risk they're taking is really just relative. WE are the ones absorbing that risk in the end.
How exactly is this the "sins of the rich"? These are loans made mainly to small and medium size businesses. The ones that most Americans work for. Please explain.
@@ThuTroothHurtz these banks are making money off the interest of lended money to the smaller banks that "most americans work for" and then mismanage the money (vacation, hookers, drugs) and ask for a bailout.
@@ThuTroothHurtz The rich ( people with money) made the loans, why were they making the loans to people that were not vetted properly. Yes they are sins of the rich, they get bailed out the regular person goes bankrupt.
This is important but having the fed throwing money away on corporate bonds and indirectly (possibly) create zombie companies is more damaging than this issue.
I think you miss what the fed is doing Ray. Buy buying up the bonds and debt of these companies, they now own these companies assets or have first dibs on them. The people of the US would never allow the fed to take us into socialism or communism, yet the fed is doing it right in front of us with most people approval to keep the system alive for another day. Keep in mind the fed is not a government agency, it is privately owned and no one really knows who owns it, although we all have a pretty good idea. After all this settles the fed will own all the assets worth owning.
What the banks did this time also is to loan money to buy rental properties to small inexperienced folk where the loan was granted based on rental income. Some of these young people borrowed money to buy 20 homes! Oh wait, they'll say sorry, the banks and borrowers "forgot" about recessions when those renters wont be able to pay and therefore the little 20-home-middleman-guy wont be able to pay the mortgage and end up in bankruptcy.. Who did they sell the MBS for these to this time? Here we go again. But don't worry, the fed will buy all the MBS again like last time to bail out the investors and banks. The cycle repeats over and over since investors and banks know they'll get a bailout in each recession. The fed should STOP bailing out the banks by buying MBS and then finally the cycle can stop and let home prices collapse to become affordable again for young buyers that just need ONE home, to live in!!!
I’m from nyc we are financially worse than San Francisco the cost of living is beyond horrible. Please let the system crash in tired of workin for no reason at all whatsoever
A message for the producers of CNBC: Thank you for this excellent educational video on the impending banking/monetary crisis. It's about time the mainstream media started talking about this, as the 'alt' media has been warning us for years. Please consider having any of the following people as guests: Peter Schiff, David Stockman, Michael Pento, John Rubino, Rob Kirby, Alasdair Macleod, Danielle DiMartino Booth, Catherine Austin Fitts, Harry Dent, Jim Rickards.
That would be true in a free market where companies are allowed to fail but not in this case, look at Japan stock market after 1989 bubbles. It still haven’t recovered after 30years because of the low interest rate and bailouts
I’ve put money in places that have made me money, and I’ve put money in places and made deals that were complete losses. Regardless, I’m not going to stop just because things didn’t go right every time. Its life, its entrepreneurship. Next time I’ll just be smarter than I was before. Eventually something good is going to go right and gain is going to outweigh all the other losses.
Why are you worried? The Fed will buy all those CLO and drive stock market up. So this news imply to buy more banks shares because the Fed will buy anything these days.
CDOs. A bundled up package of mortgages sold for profit to investment banks that induce 'investors' . The Central bank first monetises your mortgage that the lender has offered you. Your mortgage agreement is an 'asset' , collateral, so the central bank ( where the lender banks have their accounts) multiplies the loan amount ( promise to pay, signature etc) so the lender bank makes its first profit. The mortgage promise is now sold on to investment bank. Part of your monthly mortgage payment interest pays those investor's dividends or private pension fund. Your 'mortgage' ( promise to pay- a promissory note) with your signature on it is now owned by the investment bank. If a default happens, the 'loan' is paid off in full by the insurance company as part of the terms. They get 'paid' but you get thrown out and they steal the property. ...lovely..
@@AGhostInTheMachine ??? He says every year that there will be a crash! Eventually he has to be right! Wouldn't exactly call saying there will be a crash fir 7 years and on the 8th it crashing being the truth
Capitalism has been pants'd by Covid19. I've always said, its not sustainable. But ppl hate socialism and communism. Cant say I blame them, but what is the solution?
At 4:47 Mr Partnoy says that 15% of the loans are CCC or below. But, what is the total dollar value of the loan portfolio that this 15% represents ? So, for example, on $100 Billion of total loans, does that bottom 15% represent $15 billion, or $25 billion, or... ? That distinction is very important.
It's always the fed and treasury saying "oh nobody could've predicted this would happen (housing bubble or pandemic etc) so we better bail out all the investors" conveniently forgetting there have been tons of warnings about both housing bubbles and pandemics! People that stay in cash never need a bailout but also never get to participate during the upcycle. Bailouts are wrong even for pension funds IMO. But especially for all the private equity and hedge funds and corp bonds and whatever else is out there taking risk.
National Debt > 77% of GDP. What nation in history has rebounded from this fiscal event horizon? Ummmm, no one. Turn the lights off on the way out Americans. The party is over.
@@anthonywinshell3021 JULIANA GUNAWAN LEE his strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
We've been in crisis with massive money printing and debt with an unbacked fiat monetary system... I'll happily explain all of this if you put me on your show. 🤣🤣
The banks will be fine. The fed is buying 40 billion of treasury notes every month through 2022, and 30 billion a month of mortgage securities. Small and medium size businesses however is the real looming crisis.
@@Paulipogbi yes you're right. They cant stop bankruptcy. But the bad assets are going onto the Fed balance sheets. The company can still go south or get bailed out depending on whatever it is. Investors/pension funds walk away with no harms. At the end of the days, we are doing everything to keep the boomers happy
Ramesh Shenoy sure I understand. But the point is the FED wont let banks going into any form of crisis. So this concern about banks is a non event. FED is ready to save.
@@champeight6737 I think you're missing out on what the interview said. Dodd Frank doesnt allow the fed to buy junk bonds or risky assets (which is what happens when there are bankruptcies). There's a point beyond which the fed will not go because it simply can't. This is seems to be missed out entirely.
CLOs 1.2T, Student loan 1.5T, healthcare banrkupt, Social security bankrupt, USPS bankrupt, private companies carrying substantial debt. This is what happens when all the money is flowing into the hands of just a select few.
could be? rules and regulations after the financial crisis? they printed a bunch of money and slashed rates. and then patted themselves on the back for being so smart.
Considering the fact that it is illegal to not use the Fed's unconstitutional foreign US Dollar fiat currency in the US, I must say that the problems discussed in this video are less than secondary.
The fed couldn’t buy, but now that it’s merged with the treasury, can’t the Federal Reserve absorb the loans if our current president wants it to since he is in control of the treasury now? There is just a lot to take in with everything going on.
Maybe if CNBC looked to terrify people about the unavoidable US financial collapse it would prove beneficial rather than lie to their audience and encourage them to buy, buy, buy equities. If the audience were terrified maybe they would sell sell sell FANG (or however you spell it now) and buy buy buy gold silver and miners. Consider this a PSM.
Yep, that and there is also the fact they are going to hove a bunch of REOs...homes they repossesed. And if we think there is not junk built in to this packaging that help their insiders, think ahead. I remember 2000 and 2008. Nothing new under the sun.
A house of cards can not take in any more weight than the cards. If the 5.4 Trillions were given directly to the people, all those companies that got them would survive, anyway. Now, the companies are alive, but with no customers, in a few months they will die anyway... China has a better system, and are doing it better, no wonder.
So, what is the collateral with these CLO's? The collateral is the Balance Sheet of these businesses? Balance Sheets are printed on paper and so is toilet paper? Who exactly is buying CLO's and why??
You can not have looming small buisness failures without upsetting credit markets that substitute for stock market crashes when public traded credit takes the hit for multiple defaults.
I read the article. This is click bait... they were already rated junk so the risk is priced in. Problem with 2008 is bad loans were rated AA or higher. Also the fed is printing ...
I wish I came up with this scam! Banks make risky bets and when they FAIL, the taxpayers bail them out but my buddies still get PAID, how great is that?!
The next big crash will be our Canadian neighbor's housing bubble. Just google Toronto homes for sale, Toronto have low income, high taxes and horrible weather.
You know how half the country is waiting for their unemployment... The banks got their trillions back in March. While politicians say "be patient" banks pockets just got fuller.
The last thing the human race needs is a bank. Followed by priest, and then tow-truck drivers, and then tax-collectors, and then bill-collectors, and then school teachers, and then court judges.
Higher tax rates actually encourage business to invest more in their businesses or pay their people more. They can spend it at home or give it to the government.
what I don't understand is why the folks with ALL THE MONEY constantly need help?
Facts
You and me both
@defektev y
The guys with all the money want all their money to produce more money. The riskier the investment then the more money their money produces. You can see how this can be an incentive for them to make REALLY risky plays? That's why it's so important to regulate them... problem is that Banks are going to work day and night to find risky things to do in order to throw money at it (that's why we went from CDOs to CLOs: they are basically moving around regulations, but they're still selling risk).
Ohhh, I forgot to mention that in the end all these banks are waaaay to important part of the US economy, if they die we all die (theoretically) so they know the US gvt will bail them out in the end so the risk they're taking is really just relative. WE are the ones absorbing that risk in the end.
The only constant here is the the tax payer always pays for the sins of the rich.
How exactly is this the "sins of the rich"? These are loans made mainly to small and medium size businesses. The ones that most Americans work for. Please explain.
The Fall Of Capitalism?
@@ThuTroothHurtz these banks are making money off the interest of lended money to the smaller banks that "most americans work for" and then mismanage the money (vacation, hookers, drugs) and ask for a bailout.
Income tax is an illegal scam. Doesn't even cover the interest on the debt. It's a fear control mechanism.
@@ThuTroothHurtz The rich ( people with money) made the loans, why were they making the loans to people that were not vetted properly. Yes they are sins of the rich, they get bailed out the regular person goes bankrupt.
they keep destroying the system and the government keeps bailing them out
not this time Trump is literally bankrupting the private fed reserve banking system and replacing it with the credit union system
@@Kharmatos13 are you stupid ? Lol
Kharmatos13 that’s the dumbest thing I’ve read in a while.
The thing is that the system is build to depend on banks for debt money creation. If they go bust by default so does the whole economy.
Because they own the govt too.
“You never know who is swimming naked until the tide goes out”.
-Warren Buffett
Jerome Powell will give them a towel
t park yes he will
🌟 The Investor Center - Learn Investing Friend, it’s when the tide goes OUT that you start seeing dingalings.
Meh sorry I’m from the Midwest and we don’t have oceans here
@@tpark2316 mhuauauauaua nice one liner!!!
This is important but having the fed throwing money away on corporate bonds and indirectly (possibly) create zombie companies is more damaging than this issue.
@once upon a death thats what it looks like war is next
I think you miss what the fed is doing Ray. Buy buying up the bonds and debt of these companies, they now own these companies assets or have first dibs on them. The people of the US would never allow the fed to take us into socialism or communism, yet the fed is doing it right in front of us with most people approval to keep the system alive for another day. Keep in mind the fed is not a government agency, it is privately owned and no one really knows who owns it, although we all have a pretty good idea. After all this settles the fed will own all the assets worth owning.
EXACTLY!!
We are already in worse shape than 08
@Amged Fraik bingo
@DON HUANG what do u mean
Anybody else getting the feeling that the system is a train wreck?
Bitcoin sir.
That's what Trump and QAnon are here to fix...
Cryptos man. I’ve doubled my investments in a month. They just keep surging.
it's ok
we're all in this togethet
Nikolai Hel crypto can’t exist without electricity - it’ll take a long time for people producing electricity to accept crypto.
Everythings been in crisis. Cant live off borrowed money to only pay it back by borrowing more money
😂🤣
Why not?
Sure you can. If what the Fed is buying is the entire USA and everything in it. They don't need to be paid back.
@@debrathornquist2465 not a smart one huh
You do know that we have to borrow money to pay out bills right ? An nd it ain't from a n USA bank
We need Ryan Gosling to help us explain what CLO means
Ill settle for margot robbie 🤣🤣
How does your comment not have more likes?
I just watched Big Short second time yesterday. Love the movie!
hahahahahahahahaha made my day
Hahaha great flick!
What the banks did this time also is to loan money to buy rental properties to small inexperienced folk where the loan was granted based on rental income. Some of these young people borrowed money to buy 20 homes! Oh wait, they'll say sorry, the banks and borrowers "forgot" about recessions when those renters wont be able to pay and therefore the little 20-home-middleman-guy wont be able to pay the mortgage and end up in bankruptcy.. Who did they sell the MBS for these to this time? Here we go again. But don't worry, the fed will buy all the MBS again like last time to bail out the investors and banks. The cycle repeats over and over since investors and banks know they'll get a bailout in each recession. The fed should STOP bailing out the banks by buying MBS and then finally the cycle can stop and let home prices collapse to become affordable again for young buyers that just need ONE home, to live in!!!
Just ask the US government about missing trillions
Media: we've recovered!
Also Media: all is going to sh**
I’m from nyc we are financially worse than San Francisco the cost of living is beyond horrible. Please let the system crash in tired of workin for no reason at all whatsoever
How much do you pay on a monthly basis for rent? I pay 1000$ for a 3bedroom 2 bathroom on 1 acre land.
That’s what you get for chasing the sodomy-city lifestyle.
@@jonathanandrew2909 exactly, these fools want to live in sin and pay nothing for it. Dont work that way
mman Damm that's a low rent cost. A studio Apartment would be well over 1k.
iron man $1200 for a 1 bedroom
The Fed is doing what they want, legal or not.
@beswick1111 The Vatican is the richest organization in the world! You need to study as the Vatican own the Fed!
@beswick1111 I agree with most of what you say but , I think all that should be achieved in 50 months!
Hi ray
@@growlerthunder5171 The Vatican deals with religion, not banking.
A message for the producers of CNBC: Thank you for this excellent educational video on the impending banking/monetary crisis. It's about time the mainstream media started talking about this, as the 'alt' media has been warning us for years. Please consider having any of the following people as guests: Peter Schiff, David Stockman, Michael Pento, John Rubino, Rob Kirby, Alasdair Macleod, Danielle DiMartino Booth, Catherine Austin Fitts, Harry Dent, Jim Rickards.
We know the banks will get cash.
If the dollar becomes worthless, bullets will be extremely valuable
@rambull Jr creep
@@economynotstable yes
@@economynotstable You are on the ball , so many people asleep!
CNBC: “We’re not here to terrify people.” Uses headline: “on the verge of another crisis”
@RK RocketKnight Except US dollars value is going to 0 very fast as you probably are starting to notice at the grocery store
It's a great way to attract attention. All great marketers use similar tactics.
The next crash, mixing in decent loans with garbage and trying to re-value it as diversified, when in essence its all dogshit.. #TheBigShort #crash
Each of them can issue a huge balloon of 50 year bond issuance to the public but purchased by the feds...
It's a ticking time bomb, but it's also not. Great reporting CNBC.
Pull your hair out for half the day and look like Frank, then put it all back when the crisis doesn't happen and look like the anchor.
The rich see’s economic crisis as the best and right time to invest
Never waste a good crisis” Winston Churchill
The wise see economic crisis as the best and right time to invest.
There i fixed it for ya
That would be true in a free market where companies are allowed to fail but not in this case, look at Japan stock market after 1989 bubbles. It still haven’t recovered after 30years because of the low interest rate and bailouts
That’s the fact, spend less and invest more
Yeah you are Right
The money isn’t even real
Nice video , I just discovered that bitcoin trading is now one of the fastest way to make money online…it’s really a life changer
Honestly I don’t comment on this section, But I must say this, people don’t understand that this is a great opportunity.
I’ve put money in places that have made me money, and I’ve put money in places and made deals that were complete losses. Regardless, I’m not going to stop just because things didn’t go right every time. Its life, its entrepreneurship. Next time I’ll just be smarter than I was before. Eventually something good is going to go right and gain is going to outweigh all the other losses.
I’m 15 years old and wish to start trading after going through so much research about trading
@Elizabeth David Yeah, I agree with you
Same here it’s four months now I started investing with her and it’s been a good experience
Why are you worried? The Fed will buy all those CLO and drive stock market up. So this news imply to buy more banks shares because the Fed will buy anything these days.
It’s gotten way out of control
Bitcoin is the future, investing in it now will be the wisest thing to do especially with the current rise in bitcoin
I made $13,800 within 6days of trading
@@abonyievelin8739 You're lucky
I Lost $1500 trading with an unprofessional trader
Investing in crypto currency is so lucrative
@Simon Andersen You are absolutely right but we also have lots of expert, real ones with certificate and firm IDS out there waiting for investors
Time to get into the Repo business
CDOs. A bundled up package of mortgages sold for profit to investment banks that induce 'investors' . The Central bank first monetises your mortgage that the lender has offered you. Your mortgage agreement is an 'asset' , collateral, so the central bank ( where the lender banks have their accounts) multiplies the loan amount ( promise to pay, signature etc) so the lender bank makes its first profit. The mortgage promise is now sold on to investment bank. Part of your monthly mortgage payment interest pays those investor's dividends or private pension fund. Your 'mortgage' ( promise to pay- a promissory note) with your signature on it is now owned by the investment bank. If a default happens, the 'loan' is paid off in full by the insurance company as part of the terms. They get 'paid' but you get thrown out and they steal the property. ...lovely..
Peter Schiff saw it coming...
Peter Schiff is a broken clock... and a huckster.
@@Hyperpandas Someone here doesn't like to hear the truth
@@AGhostInTheMachine ??? He says every year that there will be a crash! Eventually he has to be right! Wouldn't exactly call saying there will be a crash fir 7 years and on the 8th it crashing being the truth
They are not stupid they have engineered these crashes.
Get rid of the "federal reserve"
Capitalism has been pants'd by Covid19. I've always said, its not sustainable. But ppl hate socialism and communism. Cant say I blame them, but what is the solution?
At 4:47 Mr Partnoy says that 15% of the loans are CCC or below. But, what is the total dollar value of the loan portfolio that this 15% represents ? So, for example, on $100 Billion of total loans, does that bottom 15% represent $15 billion, or $25 billion, or... ? That distinction is very important.
Is it possible to buy put options on the CDO, or some similar type option like Mike Burry did prior 2008? Asking for a friend.
Please, bring it on.
Endless corporate socialism is the new American way. And it will not end well.
I’m shocked CNBC is allowing comments. They like not having any contrary bearish points of views.
It's always the fed and treasury saying "oh nobody could've predicted this would happen (housing bubble or pandemic etc) so we better bail out all the investors" conveniently forgetting there have been tons of warnings about both housing bubbles and pandemics! People that stay in cash never need a bailout but also never get to participate during the upcycle. Bailouts are wrong even for pension funds IMO. But especially for all the private equity and hedge funds and corp bonds and whatever else is out there taking risk.
National Debt > 77% of GDP. What nation in history has rebounded from this fiscal event horizon? Ummmm, no one. Turn the lights off on the way out Americans. The party is over.
Excellent video, Stock trading is now the easiest way to make money online without stress. The only fear is ignorance and lack of good brokers.
@@anthonywinshell3021
Google search her name ‘JULIANA GUNAWAN LEE’ she is quite known for her works.
@@anthonywinshell3021 JULIANA GUNAWAN LEE his strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
clement Hart are you a part of scamming scheme?
We've been in crisis with massive money printing and debt with an unbacked fiat monetary system... I'll happily explain all of this if you put me on your show. 🤣🤣
The banks will be fine. The fed is buying 40 billion of treasury notes every month through 2022, and 30 billion a month of mortgage securities. Small and medium size businesses however is the real looming crisis.
can someone tell these guys that the money printer go brr? peter schiff was right again
why does the 1080p look like barely 720p on this video_ this is cnbc! Make your stuff look better!
Hello, the FED won't let these loans go bad. FED is infinite QE mode. Move on, nothing to see here....
When a company goes bankrupt, you can't QE anything anymore. There's actual impairment of capital.
@@Paulipogbi yes you're right. They cant stop bankruptcy. But the bad assets are going onto the Fed balance sheets. The company can still go south or get bailed out depending on whatever it is. Investors/pension funds walk away with no harms. At the end of the days, we are doing everything to keep the boomers happy
Ramesh Shenoy sure I understand. But the point is the FED wont let banks going into any form of crisis. So this concern about banks is a non event. FED is ready to save.
@@champeight6737 I think you're missing out on what the interview said. Dodd Frank doesnt allow the fed to buy junk bonds or risky assets (which is what happens when there are bankruptcies). There's a point beyond which the fed will not go because it simply can't. This is seems to be missed out entirely.
Dodd frank says no
The real Bernie Bros are on Wall Street where socializing losses and privatizing gains has been a way of life since the Fed was created.
CLOs 1.2T, Student loan 1.5T, healthcare banrkupt, Social security bankrupt, USPS bankrupt, private companies carrying substantial debt. This is what happens when all the money is flowing into the hands of just a select few.
i am planning to invest in Bank of America thnk u for the heads up
May I just say Brrrr
There’s no crisis for them when taxpayers bail them out with more debt.
could be? rules and regulations after the financial crisis?
they printed a bunch of money and slashed rates. and then patted themselves on the back for being so smart.
Considering the fact that it is illegal to not use the Fed's unconstitutional foreign US Dollar fiat currency in the US, I must say that the problems discussed in this video are less than secondary.
God I hope these guys get a bailout. It's not like they've ever needed help before
This has the same feel & quality of a late night infomercial
ha......ha......."but thats not all.......you get a free pile of used nappies with every parcel of CLD's"
Yes, I remember that mesmerizing terrible fixation, like being in eternal hell just want sleep can't happen don't know why
Zombie
Great Job, Guys
Should I sell all stocks?
Institutional finance engineering has been the same for decades: apply leverages until bubbles burst. And restart leverages after market crashes.
You would think that the banks that have savings accounts for their customers would be saving money for a rainy day for themselves
@6:42 Didn't the FED buy Hertz bonds, which is exactly against what they're not supposed to do and not allowed to do??
Don't worry, banks will get unlimited free liquidity from the FED, not that I am in favor of it.
The FED is buying everything super cheap while you're forced to sell it. Later, watch them sell it back to you with huge premiums.
Translation get ready for the largest transfer of wealth we have ever seen and prepare to be poor
The news always seems like the same cycle every couple years 🤨 money crisis, housing crisis, political chaos...blah, blah, blah I’m over it!
Please let the system crash. I’m tired of the insane cost of living in nyc.
so whats the opposite side of the trade 🤔
Shorting bail-in-able megabanks and going long gold bullion.
A bank can lose 2 billion dollars and no one notices but if I'm 1 dollar short on my taxes the IRS freaks out, wtf?
Why would t they if the system works the same as it did in 2008... just another similar scenario of crisis. Nothing new to not be expected.
👍Great here we go again!!!
The fed couldn’t buy, but now that it’s merged with the treasury, can’t the Federal Reserve absorb the loans if our current president wants it to since he is in control of the treasury now? There is just a lot to take in with everything going on.
When should I buy my first house?
The bankers need to go directly to jail. Do not pass Go.
Maybe if CNBC looked to terrify people about the unavoidable US financial collapse it would prove beneficial rather than lie to their audience and encourage them to buy, buy, buy equities. If the audience were terrified maybe they would sell sell sell FANG (or however you spell it now) and buy buy buy gold silver and miners. Consider this a PSM.
Wait. Shouldn't the Fed bailout the millions that are going to be evicted and unemployed, before backing up risky loans?
I would like to know what Cramer thinks about this
This level of greed is so disgusting
Yep, that and there is also the fact they are going to hove a bunch of REOs...homes they repossesed. And if we think there is not junk built in to this packaging that help their insiders, think ahead. I remember 2000 and 2008. Nothing new under the sun.
Soooo... how do I invest in these? I wasn't really paying attention.
so far, so good
How can this professor be that smart and work at Berkley. He must feel alone
Why did Morgan remove it's name from Chase lodo. And what about Bear Morgan?
A house of cards can not take in any more weight than the cards.
If the 5.4 Trillions were given directly to the people, all those companies that got them would survive, anyway.
Now, the companies are alive, but with no customers, in a few months they will die anyway...
China has a better system, and are doing it better, no wonder.
So, what is the collateral with these CLO's? The collateral is the Balance Sheet of these businesses? Balance Sheets are printed on paper and so is toilet paper? Who exactly is buying CLO's and why??
Kudos for this one
We shouldn't worry about how the mess gets we should be preparing how make things better
Loved It!
Partnoy...........sounds familiar. He wrote a book on bankers, right? I remember reading it years ago.
What will happen to the money in the bank that you have saved Are you going to be able to get it out? What should you do?
You can not have looming small buisness failures without upsetting credit markets that substitute for stock market crashes when public traded credit takes the hit for multiple defaults.
Is he talking about a Communist country?
I am so used to hearing trillions after fed money printing and Biden policy, billions almost seem negligible
I read the article. This is click bait... they were already rated junk so the risk is priced in. Problem with 2008 is bad loans were rated AA or higher. Also the fed is printing ...
2.5 Billion a day to pump the markets. This bubble is unprecedented. There have been bubbles before but never with an economy going into a depression.
I wish I came up with this scam! Banks make risky bets and when they FAIL, the taxpayers bail them out but my buddies still get PAID, how great is that?!
just billions. if you talk about trillions hereafter i will be alarmed. billions are peanuts and have no value at all in the grand scheme of things.
The next big crash will be our Canadian neighbor's housing bubble. Just google Toronto homes for sale, Toronto have low income, high taxes and horrible weather.
yeah
how bad is it going to be ?
Noo
Powell can print more money to take care of this problem. BTFD forever!
You know how half the country is waiting for their unemployment... The banks got their trillions back in March. While politicians say "be patient" banks pockets just got fuller.
Gold, Silver, Bitcoin 🙂
The last thing the human race needs is a bank. Followed by priest, and then tow-truck drivers, and then tax-collectors, and then bill-collectors, and then school teachers, and then court judges.
Jpm reserved for these at end of the quarter. I’m sure other banks have too. This is misleading. The banks stock prices are already factoring this in.
Higher tax rates actually encourage business to invest more in their businesses or pay their people more. They can spend it at home or give it to the government.