American Bank Carnage part 2
The David McWilliams Podcast
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The Bankruptcy Crisis Is Real
First Republic Bank is a third mid-size bank to fail in less than a couple of months. JP Morgan Chase have snapped it off for 90 something billion or whatever. MacIntosh: The first thing is why now, the why now is we have been in a low interest rate environment since 2009. And ultimately, what we're going to try and over the course of a few years, write the economy," he says.
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