
What’s Going On With the Recent Bank Failures?
The Strong Towns Podcast
00:00
The Dangers of Local Banks
The danger here in the current moment we're in is not that Wells Fargo is going to go bad. Local banks right now are on their experiencing pressure on the long side, right? The assets that they have on their balance sheet. This interest rate pressure is real auto loans, consumer loans and all these kind of quirky little things that local banks take on. We actually need local banks to be really, really successful.
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