
Episode 3: Weekly Roundup 05.08.23
Peter St Onge Podcast
00:00
Introduction
Peter St. Ange: The second largest bank failure in American history just wrapped up the third and fourth were a mere month ago with First Republic being sold to JP Morgan. He says hundreds of banks are in trouble because of the fastest rate hikes in 50 years. In the words of one analyst, this isn't about individual bank runs, it is a quote, run on the business model.
Transcript
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