U.S.
#banking system is teetering on insolvency. Banks, over-reliant on
#mortgage backed
#securities &
#treasuries, are in a dire state as their values plummet.
Even the ‘too big to fail’ banks aren’t immune. With interest
#rates soaring, the worth of these securities is tanking - most are worth mere cents on the dollar.
My
#bank, unique in its solvency, was unjustly shut down. This financial turmoil is a predictable outcome of flawed policies and shortsighted economic practices.
This clip is from my interview with Darren Moore, recorded September 16, 2023.