Jack A Wong’s Post

Fri. May 31, 2024 - “No one is above the law.” FROM 2008 TO 2011, 30 MILLION PEOPLE AROUND THE WORLD LOST THEIR JOB BAILOUTS OF BANKS COST BILLIONS TO GOVERNMENT AUSTERITY PLANS SPREAD EVERYWHERE. 13:39 - NARRATOR PHILIP JAMES BAKER: Ten years after the financial crisis except iceland how many white-collar criminals are behind bars? Kareem Serageldin from Credit Suisse. He's the only banker of wall street to go to jail related to the crisis he lost just a few million not really a big fish not a true Al Capone. Could you tell me only one big bank top executive name? 14:11 Here are the number of people convicted of crimes linked to the crisis in the U.S. s according to the financial times: 324 people from main street. ZERO Wall Street chief executives have been to prison even though there is today absolutely no doubt that wall street executives and politicians were complicit in creating the crisis. Money, Power, Impunity: The Bankers Who Stole The World | 2008 Bank Crisis & Recession Documentary https://lnkd.in/gn6YaTfa

Fri. May 31, 2024 - “No one is above the law.” How ironic. 46:30 PHILIP JAMES BAKER: We've never seen anything like that since 1929 [Music] 46:48 This crisis has changed our world in many long lasting ways. Without the crisis Brexit would not have happened and Donald Trump would not be president of the United States. This is a major turning point you never know what it will be. FROM 2008 TO 2011, 30 MILLION PEOPLE AROUND THE WORLD LOST THEIR JOB. BAILOUTS OF BANKS COST BILLIONS TO GOVERNMENT. AUSTERITY PLANS SPREAD EVERYWHERE. 13:39 - NARRATOR PHILIP JAMES BAKER: Ten years after the financial crisis except iceland how many white-collar criminals are behind bars? Kareem Serageldin from Credit Suisse. He's the only banker of wall street to go to jail related to the crisis he lost just a few million not really a big fish not a true Al Capone. Could you tell me only one big bank top executive name? 14:11 Here are the number of people convicted of crimes linked to the crisis in the U.S. s according to the financial times: 324 people from main street. ZERO Wall Street chief executives have been to prison even though there is today absolutely no doubt that wall street executives and politicians were complicit in creating the crisis. Money, Power, Impunity: The Bankers Who Stole The World | 2008 Bank Crisis & Recession Documentary

Panic withdrawals are causing waves of uncertainty, affecting genuine depositors and the stability of our financial sector. The Leaders, the boards of directors , and regulators are tirelessly working to safeguard our banks and our country. We’ve overcome tough times before, and we will again. Let’s stay patient and trust in these efforts together: with a little bit of support from everyone, we can overcome this .. !! #banks #savebanks #depositors

First Domino to Fall? Republic First Bank Closure: Should You Be Worried? Expert Banker(s) Opinion Required The news hit hard this week: Republic First Bank became the first US bank failure of 2024. While the FDIC protected depositors, this event raises a crucial question: Is this an isolated incident or a canary in the coal mine for regional banks? Don't hit the snooze button! Share your thoughts in the comments: Is this a one-off, or a sign of things to come? #BankingIndustry #RegionalBanks #RepublicFirstBank #UnitedStates #BankClosure

The Truth about Bank Failures in the United States: What Happens when you Feed or Starve Them 🔗 Listen here: https://lnkd.in/enSBxEgx #MakeYourWealthWork #SaversAreLosers #InvestmentStrategies

Wall Street Journal article from today: "Fed Backpedals on Plan to Increase Big Bank Capital," https://lnkd.in/eRWHCUCn I would be interested in what bankers have to say about these proposed capital requirements for big banks. I'm sympathetic to banks that want to be able to lend freely without a lot of government regulations reducing efficiency. But I'm also sympathetic to the Federal Reserve, whom these banks come crawling to for bailouts when things go bad. I'm a believer in the idea of moral hazard, where bailouts for banks encourages riskier behavior by banks because they don't incur the costs if things go awry.

If you don’t know what a green bank is or does, this blog is a great place to start. Read more at the link below. 👇 https://lnkd.in/eFSzQQed

🌐 US banks, both regional and major, are experiencing declines in stock prices, with Wells Fargo down by 3% and Bank of America by 2%. 🔘 These banks have incurred over a trillion dollars in losses on office real estate, and their unrealized securities losses are at historically high levels. #rcz #crypto #news #bank #us #stock #price #financial #market #cash #money