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Banks & Cryptos / Re: Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate E
« on: May 15, 2024, 10:08:42 AM »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.