Shark Tank Star Kevin O'Leary Warns of Emerging Financial Crisis, Bank Failures

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Shark Tank Star Kevin O'Leary Warns of Emerging Financial Crisis, Bank Failures

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has sounded the alarm about an impending financial crisis. “We have a crisis emerging,” he warned, emphasizing that small business owners will be “cut off at the regional bank level.” He stressed: “You’re going to hear a lot of people crying about this in the next few months.” See more for yourself here.

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Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has sounded the alarm about an impending financial crisis. “We have a crisis emerging,” he warned, emphasizing that small business owners will be “cut off at the regional bank level.” He stressed: “You’re going to hear a lot of people crying about this in the next few months.”O’Leary warned that the current count of around 4,100 regional banks is expected to decrease to 2,000 over the next three years, raising concerns among people about depositing their money in banks. He cautioned:

During that period, people are very nervous about putting their money in the bank. Because if another one fails, and you have your cash in there right now, you’re only guaranteed for $250,000.