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Author Topic: Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate E  (Read 1605 times)

Offline sirty143

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Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate Environment

Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure... See more for yourself here.

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Offline joniboini

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If I understand this correctly, the government is trying to prepare a regulation to make sure the number of failures will be as low as possible. Doesn't seems like they will blame crypto this time. The major reason seems to be the inability to repay loans for real estate, which sounds a bit similar to the problem that happens in other countries albeit with different reasons. Will they bail out some big players in the future, or will they let them die because of the free market principle (CMIIW)?

Offline TomPluz

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Will they bail out some big players in the future, or will they let them die because of the free market principle (CMIIW)?

You can expect the federal government of USA to bail big banks in case there will be no ready buyers for them. Now, what happened is that many depositors are transferring their business to big banks as they feel uneasy with smaller banks in case the government will not do anything on their behalf in order to survive well. Last year was a nightmare for the Biden administration as it feared a repeat of 2008 that resulted into big financial bloodbath that spread into other countries as well. However, the same problems and weaknesses are still prevalent in the banking sector and one day the dam will be broken and an avalanche that can't be stopped will materialize unless something concrete are programmed to cure the wound. And this can happen if the American people will give Biden another chance come November.



 

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