Nouriel Roubini: Risk in the Age of Bank Failure
Real Vision: Finance & Investing
00:00
The Risk of a Zombification of the Banking System
Is there a risk that we are turning Japanese in the sense of a stultified banking system? Yes, it's a possibility. We'll have more systemically important banks that are to be to fail and to be saved. That's dangerous. With capital markets, banks are important for the financing of the rest of the economy. If these regional banks are going to be squeezed or disappear, the risk of a severe credit crunch is greater.
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