# @peterschiff on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/C0CcOokuNrN
- **Gondola URL:** https://gondola.cc/posts/10061156-peterschiff-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/b0532b771b.jpg
- **Posted:** 2023-11-24T18:05:03.000+00:00

## Caption

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.

## Stats

- **Views:** 505
- **Likes:** 216
- **Shares:** 0
- **Comments:** 6

## Tags

mortgage, bank, securities, banking, rates, treasuries

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