Two failed banks, facial recognition, diversity of crash test dummies
Laura Coates Live
00:00
Is This a Lehman Brothers Moment?
I think most Americans know that we've been in a period of very, very low interest rates and very easy credit for a very long time. We are due probably for something of a correction even more than we've seen at some point. And I think people feel that and that gets to the psychological issue that you raised. The psychology element of this is so critical. That's why you saw the president say what he said today. It wasn't because he wanted people to feel great about things. He wants people to feel like, look, the banks are safe.
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