Taxpayers should not have to pay for the collapse of systemic banks March 28, 2024 The lessons learned from the global financial crisis of 2008/2009 seem not to have become commonplace for the operation of the financial system. The…
Why is it a criminal mistake to bail out bankrupt banks? February 22, 2024 Silvergate Bank, Silicon Valley Bank, Signature Bank and First Republic Bank collapsed like dominoes between March and April 2023. The United States Treasury Department,…
The Timelessness of the Global Banking Crisis May 4, 2023 The collapse of First Republic Bank was the second largest bank failure in US history. The single biggest bank failure was that of Washington…
China and Russia buy gold, sell bonds and cause banks to collapse! March 16, 2023 Gold rose above $1,900 an ounce with gains of 2% today in the wake of creditor anxiety and massive buying of the precious metal…
US Regional Bank Shares Fall: All Eyes on FRC March 16, 2023 Shares of so-called US regional banks are falling amid the cyclone created by the collapse of Silicon Valley Bank. The collapse of SVB was…
