Behind The Markets Podcast: Trevor Greetham
Behind the Markets Podcast
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Is It a Liquidity Crisis or a Financial Crisis?
The losses on the safe assets makes us wonder whether actually it could be dealt with quite quickly. Signature Bank violated rule one of banking 101, don't borrow short and lend long. I think if you take your own money and put it in the bank, it should be insured. And no one has the ability to look at the balance sheet. The FDIC has not lost a penny in 40 years,. or if it is, it's lost to have been extremely minor. Many times more made over by the banks.
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