During the crisis, there was a lot of conversations between government and banks. Not as much as it needs to happen now, he says. The Fed has put stress on the system but forgot that if they move things too quickly and too much, you know, six points, really, right? Then everybody's insolvent.
Chris Whalen, Institutional Risk Analyst and Chairman of Whalen Global Advisors, discusses the continuing turmoil in the banking sector and the role the Fed has played in the chaos. Thomas Kralow, CEO at Kralow Enterprises, explains how banking uncertainty is impacting cryptocurrencies. And we Drive to the Close with Dana D’Auria, Co-CIO of Envestnet PMC.
Hosts: Carol Massar and Jess Menton. Producer: Paul Brennan.
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