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Financial Meltdown — How to prepare

Dumb Money Live

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Do You Believe That the Government Will Allow Any Regional Bank to Fail and Not Back Up Depositors?

Do you believe that there is any point in the next year or two that the government will allow a regional bank to go down and not back up depositors? I don't know. We saw this in no aid. They backstop the first, you know, few financial crises. And then as the crises expand, they stop back stopping. That was not backstopping in the desk. There's no, there's the same type of problem. Most grandmas don't have more than a quarter million dollars.

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