This bank crisis is so far from being over. Anyone who has been around for longer than 12 years, knows a credit crisis isn't over in two weeks. Makes me laugh seeing folks thinking this was all over so quickly. We are seeing a credit contraction that is gonna lead to a major contraction.
It's often overlooked that banks are also corporate entities driven by greed. One of the contributing factors to current bank crisis is the banks' excessive leveraging of assets. However, on the advantageous aspect, economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
In the world of finance, crisis are prime opportunities for wealth creation. When my port-folio suffered a significant loss in April of last year, I realised the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 450k. The knowledge and skills I have acquired through this experience have been invaluable in my journey towards financial success.
That's grand! I believe the high-value gains are backed by years of study/experience in knowing what makes what tick. the portfolio-advisor that guides you is who though?
My CFA "Aileen Gertrude Tippy’, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Yes, some small banks were bought out, but no one has been asking for a bailout recently. That myth comes from back in 2008 when some big players asked Congress for a loan and were immediately denied (the real scandal was the execs negotiating the bailout flew to Washington in private jets while struggling to make payroll).
@@samsonsoturian6013 Do you really think that if Chase, BofA, Wells Fargo, and Citibank were truly failing that the government wouldn't bail them out? Don't forget banks got a lot of money from the government during covid-19 for the government shutdowns. The government will not allow large banks to fail.
@@samsonsoturian6013 Banks received a ton of money from the government for covid-19 during the shutdowns. Do you really think that if the four largest banks in America were truly failing that the government wouldn't bail them out? The government will not allow large banks to fail.
@@samsonsoturian6013 Banks received a ton of money from the government for covid-19 during the shutdowns. Do you really think that if the four largest banks in America were truly failing that the government wouldn't bail them out? The government will not allow large banks to fail.
@@samsonsoturian6013 Banks received a ton of money from the government for the pandemic during the shutdowns. Do you really think that if the four largest banks in America were truly failing that the government wouldn't bail them out? The government will not allow large banks to fail.
@ exactly…I’m very hopeful for the future of crypto, and the transparency it offers with transactions being on the blockchain. The new administration needs to overhaul the Fed
Tax payers barely pay for their own share of services needed, you think your tax dollars actually have anything to do with government? Especially if you live in a low economic red state, you’re barley covering your social security
The argument underlying that action is that certain corporations have been allowed to get too large relative to the American economy, so that if they are not given money by government leaders to keep operating, them shutting down will have too many negative effects for employment in the economy. Their collapse seems to create too much of a destabilizing effect for the American public to tolerate. The American population does not want the chaos and instability that comes with cowboy capitalism. At the turn of the century, the common believe among many people was that the new technology, the Internet, had fundamentally altered the laws of economics, and that sustained through what became the housing bubble. We have had a condition of having corporations becoming "too big to allow to fail." American society does not want the chaos associated with large corporations going bankrupt, being forced to terminate all employees, and selling off all of their assets. That is the best argument for limiting the size of companies to a certain percentage of the market. I think that is the source of "socializing" the losses, when the government leaders choose to provide taxpayer funds to corporations to pay off their debts, or to pay their employees.
When a corporation is too big to fail, that's when antitrust laws should be used. Not keep bailing out failing business models over and over costing tax payers billions
Bailing out banks who have mismanaged running a business is not capitalism. The American people should not be bailing out multimillionaires and billionaires when they make bad bets
We should not. You're correct. But the fact that our entire banking system and financial system is attached to how those banks perform. The fact that I get punished because some bank I choose to use didn't make the right choices is also not part of the IDEA of capitalism. I should not have any risk if my participation in the financial system is the bare minimum. So tell me wise stranger. What exactly is capitalism for the average American.
The events of 2008 show that many executives of large corporations are not in in principle complete free market capitalists, and do not like the instability associated with complete free market capitalism. And the same goes for many other Americans. Mergers of companies can bring more efficiency. But they also bring increased power to the executives managing them, and increase the risk that the decisions of these executive managers will have a negative impact on the income of people immediately outside their corporation. In 2008, they became "too big too allow to fail." That just means the American public does not want the undesirable instability associated with layoffs in industries associated with the giant corporation that gets in big trouble. I watched this play out.
@fredricksmith-something.2125 the problem US banks are too large so the US FED and government cannot let them fail because it will erase the whole financial system of US 😅
The only thing that you forget is that all the banks paid back those bailouts. Citi was the last one to finish paying back and the govt made a 12 billion profit just on citi.
Fragile huh? No bailouts for big banks, sorry. Corporations need to stop waiting for a welfare handout and start using those bootstraps they recommend for the rest of us. 👌
@@notforgotten3685 cute of you to think billionaires supporters is a differentiator between two parties. You think Harris raised hundreds of millions more from commoners like you and me? You think suites at DNC sold for more than 500k and commoners like you and me were the buyers? You think trump's billionaire buddies would de-platform him on social media? Wake the hell up lmao. The two parties differ in many aspects, amount of billionaire supporters ain't one.
@@punkninja4124correct they all are in the same club we don't have a ticket to the billionaires club. Nothing was ever done in our true interest only greed.
@@BenjaminD-d4kyes, the FDIC pays you back the amount of currency you had in there up to 250k. The agency was created following the Great Depression for this very reason.
@@punkninja4124 you are closer to being poor than ever becoming a millionaire actually that's way more likely wealth is built by exploitation of the working people who they strip their value off and give in return scraps while you build their business and make them money
Nowadays investors should rather shift their attention mainly to under-the-radar stocks, considering recent rollercoaster nature of the market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered. I don't know where to go here out of devastation.
Before you start investing, it's crucial to understand the basics of investing in different assets and their associated risks. Are you investing for retirement, buying a home, or building an emergency fund? Your goals will help shape your investment strategy.
I was once faced with a similar situation. I sought advice from a top invęstment advisęr here in the States. Through portfolio restructuring and diversification with good ETFs, S&P 500 and growth stocks, I've turned my portfolio around from $220k to over $605k in a few years.
Sherry Ann Klein because her market signal and prediction is awesome, actually I was skeptical at first lol, until I decided to try. It's huge returns is awesome! I can't say much.
Needs to be regulations that prevent CEOs from taken the lions share for company successes. There needs to national regulation for a cap. Their compensation has been skyrocketing over decades while being less qualified (fewer have any technical background in the company) and real worker wages have been flat, not keeping with inflation, or replaced with machines.
If you can get first-hand information, compare bank debt with personal and corporate borrowing: debt default data. The loans of enterprises also need to be repaid. The money must be used in the company, for salaries, equipment, production site rent, and research and development. Ultimately, the company must make profits from projects rather than rely on loans to maintain itself.
I was hired by citigroup in 2011 and 2 days after i was hired they told all of us that they were closing the branch and said "sorry kid...." Work at TD Bank now and been there for 15 years and love it.
Well, after Wall St lobbyists got Glass-Steagall repealed, the banks were given the green-light to gamble on those leveraged real-estate derivatives that ultimately crashed with OUR retail checking and savings deposits, not with their own money or with investors' money. I'm curious...would YOU have been fine with all of your bank deposits evaporating into the ether??? I bet not. "Bailing the banks out" was the only darn way to get tens of millions of our retail checking/savings deposits back into existence into depositors' accounts!!! Well-trained Americans have been programmed into getting angry at totally the wrong thing: it was the deregulation of Wall St. that gave our "banks" our retail deposits to gamble with in the first place.
Of course not, because Trump supporters don’t care what he does as long as they get to own the libs. Trump is gonna make an economy perfect for his fellow billionaires.
@@mdtanveerhasan1453The 2018 rollback (Dodd & Frank) got rid of the $50 billion threshold, which many banks had argued was needlessly encumbering them. Instead, among many other changes, the rollback law made the enhanced regulations standard only for banks with at least $250 billion in assets - only about a dozen banks at the time.
They act like the system is legit to begin with. The fact is, they will fail when they choose for them to fail. They used to talk daily about the national debt, today it is hardly mentioned. But every once in a while it all of a sudden becomes a MAJOR issue again. Complete manipulation.
Merrill Lynch was tossed as my last companys' 401(k) management group due to their fee structure and overall inability to pick proper stock picks for us as a client group. Overall, my fellow employees either saw no growth or faced categories of losses as large as 22% in a single year. Keep in mind that we're talking about a generally rising overall Dow/S&P
Amazing video! Thanks to Werner Skier, I turned $10,000 into $337,000 since January 2024. Now, I’m buying my first house with crypto-forever grateful!!
Just one person's view here. My bank used to have 6 branches in a 20-30 mile radius. Now, 2 and a 1 stand alone drive through atms. 4 gone in 2 years. Other banks have closed as well. 1 was turned into a restaurant. ( sadly that failed in under 8 months).
The success and failure of American banks, I.e periodic growth and decline is Absolutely Inevitable now, because now they Depend a lot, probably mainly on speculative capital in particular, as well as capital from outside, it's clear and Inevitable now complete.
Regulations arguably lead to the 08 crisis. Banks were forced to lend mortgages to unqualified borrowers because too many people were denied for bad credit or low income. In 1998 Janet Reno even threatened to fine or criminally charge banks for "not making enough loans in urban areas." Banks are designed to make money. They weren't denying any person that on paper had the income and credit history to pay back the loan.
@@ryanarboristwhich is caused by Clinton rewriting and loosening restrictions on community reinvestment act aka less regulation than before. Also, just because the regulation has been loosened that shouldnt mean its their license to cheat the system and give out mortgage to uncerified personnel like dead people.
@@kakishisfriend1126until Dt gets rid of the fdic. So you won’t have that insurance. And with him removing more regulations meaning it will end even worse. Hello 1929
CalABLE specifically mentions like a Primary Residence (like first-home buyers). Maybe not paying back a loan is okay if there was never one house owned.
The problem is that our representatives don't work for us. We are just tools that are used to make profit. Our representatives work for the rich and the corporations. We are not the priority. Making sure the corporations continue to make huge profits is their priority. If they pass legislation that just happens to benefit us then that is just a by product of the legislation. There will always be a main part of whatever legislation they pass that will benefit the rich and corporations in some way. It doesn't matter which party. Both the Democrats and Republicans are owned by them. They are both terrible for the people of the United States. And have been for a very long time.
The US has too many banks, it has a residential banking system for the average joe which is only interested in extracting more fees from existing customers rather than growing the customer base. The net result is that the residential banking system for the average joe is 20+ years behind the times compared to other major international economies. As for Citibank, it will be viewed as one of the classic examples of value destruction
I worked as a director of finance for Chase for 6 years about a decade ago. Here is the short and sweet mantra of the SVPs and EVPs based on the political climate. Republicans in power: Spend spend spend. Fuel your growth with debt! Your gains will outweigh your debts, and you'll be able to pay it off in no time! Democrats in power: We need some oversight and regulation in the banking sector. Spending is fine, but you need sustainable debt. And that's why the American taxpayers will always bail out banks.
Trump's Q.E.II is on the way. Banks and the stock market will soar along with raging inflation. However, the inflation spread for workers is already untenable burdened with the national debt and low wages.
Somehow consumers who just want a bank account to save their money and pay bills are responsible for Citi Bank buying a bunch a bad mortgages.... riiiiight........
Just borrow money from the bank and dont pay it back. Its the bank that will fail and not you. Debt is an illusion. Dont ever feel bad to borrow and spend money.
OUR LIFES ARE FALLING APART OUR COUNTRY IS FALLING APART😢 I DONT KNOW HOW WE ARE GOING TO SURVIVE,, IM SCARED 😢 AND EVERY THING THAT IS HAPPENING IS RUINING MY MENTAL HEALTH AND PHYSICAL HEALTH.. 😢
Different products are more successful in different environment. When policy changes the environments some traditions systems suffer and it can be hard to pivot if you are locked in with certain clients. Instability kills banks that is all it is.
In some cases it costs $1600. a month for a living space that is no more than two rooms. Real Estate investing has become a very profitable industry. Lenders have gone after the profits overextending themselves with massive Real Estate portfolios. It is not only residential, whole areas of cities are being and have been developed for sports stadiums, retail, restaurants, entertainment. It's called gambling.
@ supposedly there will be reassessments in value done on the properties, and it will be 0 for places that were destroyed. I don’t know enough about it, but hopefully it makes housing affordable for people.
Why so much time on Citi in this content? They put themselves into decline with excess investment in sub-prime mortgages, followed by treating many customers poorly. They don’t seem at risk of failure, buy-out yes, but not failure.
Why are there so many commercial real estate loans stressing these small banks? Why does the population keep increasing at such a rate that housing can't keep up? Meanwhile, we keep talking about low fertility in developed nations? Are we BSing or over compensating with lenient immigration policies that favor corporations that lie and say there aren't enough qualified candidates when what they really want are international hires that are cheaper, just glad to have the potential green card dangled in front of them, willing to work overtime and tolerate abusive behavior from management?
This bank crisis is so far from being over. Anyone who has been around for longer than 12 years, knows a credit crisis isn't over in two weeks. Makes me laugh seeing folks thinking this was all over so quickly. We are seeing a credit contraction that is gonna lead to a major contraction.
It's often overlooked that banks are also corporate entities driven by greed. One of the contributing factors to current bank crisis is the banks' excessive leveraging of assets. However, on the advantageous aspect, economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
In the world of finance, crisis are prime opportunities for wealth creation. When my port-folio suffered a significant loss in April of last year, I realised the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 450k. The knowledge and skills I have acquired through this experience have been invaluable in my journey towards financial success.
That's grand! I believe the high-value gains are backed by years of study/experience in knowing what makes what tick. the portfolio-advisor that guides you is who though?
My CFA "Aileen Gertrude Tippy’, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.
No bank is in trouble. Small banks will be bought out by large banks and large banks will be bailed out by the government.
Yes, some small banks were bought out, but no one has been asking for a bailout recently. That myth comes from back in 2008 when some big players asked Congress for a loan and were immediately denied (the real scandal was the execs negotiating the bailout flew to Washington in private jets while struggling to make payroll).
@@samsonsoturian6013 Do you really think that if Chase, BofA, Wells Fargo, and Citibank were truly failing that the government wouldn't bail them out? Don't forget banks got a lot of money from the government during covid-19 for the government shutdowns. The government will not allow large banks to fail.
@@samsonsoturian6013 Banks received a ton of money from the government for covid-19 during the shutdowns. Do you really think that if the four largest banks in America were truly failing that the government wouldn't bail them out? The government will not allow large banks to fail.
@@samsonsoturian6013 Banks received a ton of money from the government for covid-19 during the shutdowns. Do you really think that if the four largest banks in America were truly failing that the government wouldn't bail them out? The government will not allow large banks to fail.
@@samsonsoturian6013 Banks received a ton of money from the government for the pandemic during the shutdowns. Do you really think that if the four largest banks in America were truly failing that the government wouldn't bail them out? The government will not allow large banks to fail.
Why aren’t they talking about how tax payers bailed them out in 2008 followed by bonuses for the C Suite? They should fail
It doesn't fit the narrative.
@ exactly…I’m very hopeful for the future of crypto, and the transparency it offers with transactions being on the blockchain. The new administration needs to overhaul the Fed
Won't happen so long as the "money printer go brrr" guy is in charge of the Fed.
Indeed
Tax payers barely pay for their own share of services needed, you think your tax dollars actually have anything to do with government? Especially if you live in a low economic red state, you’re barley covering your social security
In The US profit is always privatized and debit/failure always socialized!!
Socialism is only accepted when bailing out the rich 😢
The argument underlying that action is that certain corporations have been allowed to get too large relative to the American economy, so that if they are not given money by government leaders to keep operating, them shutting down will have too many negative effects for employment in the economy. Their collapse seems to create too much of a destabilizing effect for the American public to tolerate. The American population does not want the chaos and instability that comes with cowboy capitalism. At the turn of the century, the common believe among many people was that the new technology, the Internet, had fundamentally altered the laws of economics, and that sustained through what became the housing bubble. We have had a condition of having corporations becoming "too big to allow to fail." American society does not want the chaos associated with large corporations going bankrupt, being forced to terminate all employees, and selling off all of their assets. That is the best argument for limiting the size of companies to a certain percentage of the market. I think that is the source of "socializing" the losses, when the government leaders choose to provide taxpayer funds to corporations to pay off their debts, or to pay their employees.
@ChrisVink-b5b that's exactly the problem - too big corporations and banks that control everything including US government
I couldn't have said it better 👏👏👏
When a corporation is too big to fail, that's when antitrust laws should be used. Not keep bailing out failing business models over and over costing tax payers billions
Citibank is mostly a credit card company and with credit card companies making a 50% profit above cost there should be no excuses about failing
“I suspect that the only ones who are always and truly in danger are the customers and employees of these banks…”
Bailing out banks who have mismanaged running a business is not capitalism. The American people should not be bailing out multimillionaires and billionaires when they make bad bets
How dare you! It's a good thing Trump made a law to get rid of those pesky regulations keeping them in check. In his first term day one...
We should not. You're correct. But the fact that our entire banking system and financial system is attached to how those banks perform.
The fact that I get punished because some bank I choose to use didn't make the right choices is also not part of the IDEA of capitalism.
I should not have any risk if my participation in the financial system is the bare minimum.
So tell me wise stranger. What exactly is capitalism for the average American.
@ buy low sell high
The events of 2008 show that many executives of large corporations are not in in principle complete free market capitalists, and do not like the instability associated with complete free market capitalism. And the same goes for many other Americans. Mergers of companies can bring more efficiency. But they also bring increased power to the executives managing them, and increase the risk that the decisions of these executive managers will have a negative impact on the income of people immediately outside their corporation. In 2008, they became "too big too allow to fail." That just means the American public does not want the undesirable instability associated with layoffs in industries associated with the giant corporation that gets in big trouble. I watched this play out.
@fredricksmith-something.2125 the problem US banks are too large so the US FED and government cannot let them fail because it will erase the whole financial system of US 😅
What a beauty!! Has a market cap of $155 billion today but got $450 billion to get bailed out probably 18 years ago.
The only thing that you forget is that all the banks paid back those bailouts. Citi was the last one to finish paying back and the govt made a 12 billion profit just on citi.
Yeah, pretty sure that wasn’t the case with the auto makers who were bailed out.
Turn down the music. It's distracting.
Rolling back Bank oversight regulations... Was and is unconscionable.
Bank profits and pay should be locked. Profits of only 1% and pay of only 10x minimum wage total pay allowed. No severance. No stock. No buybacks.
Fragile huh? No bailouts for big banks, sorry. Corporations need to stop waiting for a welfare handout and start using those bootstraps they recommend for the rest of us. 👌
I love how people think that, and then vote for Trump. Trump is a billionaire and chose other billionaires to help him run the country.
@@notforgotten3685 cute of you to think billionaires supporters is a differentiator between two parties. You think Harris raised hundreds of millions more from commoners like you and me? You think suites at DNC sold for more than 500k and commoners like you and me were the buyers? You think trump's billionaire buddies would de-platform him on social media? Wake the hell up lmao. The two parties differ in many aspects, amount of billionaire supporters ain't one.
@@punkninja4124correct they all are in the same club we don't have a ticket to the billionaires club. Nothing was ever done in our true interest only greed.
@@BenjaminD-d4kyes, the FDIC pays you back the amount of currency you had in there up to 250k. The agency was created following the Great Depression for this very reason.
@@punkninja4124 you are closer to being poor than ever becoming a millionaire actually that's way more likely wealth is built by exploitation of the working people who they strip their value off and give in return scraps while you build their business and make them money
Getl rid of the music over the info that is verbal.
The way this video is set up is to cause anxiety.
You sound like a fun person
Agree, the background music is annoying.
Music is distracting
Nowadays investors should rather shift their attention mainly to under-the-radar stocks, considering recent rollercoaster nature of the market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered. I don't know where to go here out of devastation.
Before you start investing, it's crucial to understand the basics of investing in different assets and their associated risks. Are you investing for retirement, buying a home, or building an emergency fund? Your goals will help shape your investment strategy.
I was once faced with a similar situation. I sought advice from a top invęstment advisęr here in the States. Through portfolio restructuring and diversification with good ETFs, S&P 500 and growth stocks, I've turned my portfolio around from $220k to over $605k in a few years.
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.
Sherry Ann Klein because her market signal and prediction is awesome, actually I was skeptical at first lol, until I decided to try. It's huge returns is awesome! I can't say much.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Cut CEO compensation and you'll save alot of smaller corporations. Greed is killing America.
Needs to be regulations that prevent CEOs from taken the lions share for company successes. There needs to national regulation for a cap. Their compensation has been skyrocketing over decades while being less qualified (fewer have any technical background in the company) and real worker wages have been flat, not keeping with inflation, or replaced with machines.
Socialism at its finest and magas are now willful participants! 🤣
If you can get first-hand information, compare bank debt with personal and corporate borrowing: debt default data.
The loans of enterprises also need to be repaid. The money must be used in the company, for salaries, equipment, production site rent, and research and development. Ultimately, the company must make profits from projects rather than rely on loans to maintain itself.
I was hired by citigroup in 2011 and 2 days after i was hired they told all of us that they were closing the branch and said "sorry kid...."
Work at TD Bank now and been there for 15 years and love it.
DO NOT SAVE. STOP. LET THEM FAIL.
Save it in a private trust.
Finical advisor and invest.
Do not bank with Wells Fargo
No banks, no loans.
Well, after Wall St lobbyists got Glass-Steagall repealed, the banks were given the green-light to gamble on those leveraged real-estate derivatives that ultimately crashed with OUR retail checking and savings deposits, not with their own money or with investors' money. I'm curious...would YOU have been fine with all of your bank deposits evaporating into the ether??? I bet not. "Bailing the banks out" was the only darn way to get tens of millions of our retail checking/savings deposits back into existence into depositors' accounts!!! Well-trained Americans have been programmed into getting angry at totally the wrong thing: it was the deregulation of Wall St. that gave our "banks" our retail deposits to gamble with in the first place.
Credit will be North America's down fall
Start using credit unions people!!
They want their money the same way…
@@jumpman366 yeah but at least you're not giving money to big banks that support big oil and dark money
Trump said he wanted to loosen financial regulations.. Do we not remember what happened in the 1920s or 2007?
Evidently not
Of course not, because Trump supporters don’t care what he does as long as they get to own the libs. Trump is gonna make an economy perfect for his fellow billionaires.
@@mdtanveerhasan1453The 2018 rollback (Dodd & Frank) got rid of the $50 billion threshold, which many banks had argued was needlessly encumbering them. Instead, among many other changes, the rollback law made the enhanced regulations standard only for banks with at least $250 billion in assets - only about a dozen banks at the time.
Also he wants to do away with the Federal Reserve. They supervise banks, although it is questionable how effective it is. We will see.
What about what happened in 1913?
Old infrastructure, too many ‘ancients’ workers and toxic culture
Oh wow, banks are in trouble of falling... like this haven't happened before
They take unnecessary risks that's why
They act like the system is legit to begin with. The fact is, they will fail when they choose for them to fail. They used to talk daily about the national debt, today it is hardly mentioned. But every once in a while it all of a sudden becomes a MAJOR issue again. Complete manipulation.
Merrill Lynch was tossed as my last companys' 401(k) management group due to their fee structure and overall inability to pick proper stock picks for us as a client group.
Overall, my fellow employees either saw no growth or faced categories of losses as large as 22% in a single year.
Keep in mind that we're talking about a generally rising overall Dow/S&P
But Merrill’s sr management got bonuses.
@twhos @antraman93 whos the suckers here?
Please give us an example of the (mutual or index) funds or other 401K investments in your portfolio that lost 22%
2022-2023 doesn't count.
Amazing video! Thanks to Werner Skier, I turned $10,000 into $337,000 since January 2024. Now, I’m buying my first house with crypto-forever grateful!!
The cryptocurrency market is booming, and now is a great time to trade Bitcoin! 🔉
He is active on Telegram ;(
@wernersingal👊🏻
Mr. WERNER SKIER has been a mentor to me and many others, helping us succeed even in tough markets. 💶
I’ll reach out to him now-it’s the perfect time to start day trading! 👍👏
Yeeeeaaaah buddy, lightweight baby
Ain’t nuthin but a peanut
His spine was like ''Please no''' 'No more'' ''I can't take no mo''
Thanks for the heads up...
How the word "enough" was pronounced is really accurate. :)
Just one person's view here. My bank used to have 6 branches in a 20-30 mile radius. Now, 2 and a 1 stand alone drive through atms. 4 gone in 2 years. Other banks have closed as well. 1 was turned into a restaurant. ( sadly that failed in under 8 months).
The success and failure of American banks, I.e periodic growth and decline is Absolutely Inevitable now, because now they Depend a lot, probably mainly on speculative capital in particular, as well as capital from outside, it's clear and Inevitable now complete.
there will be more bank failures as the new administration will impose less regulation
Regulations arguably lead to the 08 crisis. Banks were forced to lend mortgages to unqualified borrowers because too many people were denied for bad credit or low income. In 1998 Janet Reno even threatened to fine or criminally charge banks for "not making enough loans in urban areas." Banks are designed to make money. They weren't denying any person that on paper had the income and credit history to pay back the loan.
@@ryanarboristwhich is caused by Clinton rewriting and loosening restrictions on community reinvestment act aka less regulation than before.
Also, just because the regulation has been loosened that shouldnt mean its their license to cheat the system and give out mortgage to uncerified personnel like dead people.
LACK of regulation🙄
Socialism and corruption at its finest and magas are now willful participants! 🤣
Maybe the banks can start making coffee at home and stop buying avocado toast
2:50 that disclosure need to eb BUGGER AND BOLDER
Good thing M and A season is back!
Corporations get bailed out and the masses suffer
the problem is they lean on their muscle to enforce payment on just ok financial products, not actually raising the quality of their products
They will fail then say hey
WE GOT CRYPTO! 😂
boom 💥 elephant is back in the room.
The Bank Owners will control our Money !! and the way we spend it !! and the way we Live !! ! 👀👀👀
Regular people (through taxes or absorbing effects of inflation due to bailout money from government) will bail out Banks.
What happens to people’s money when bank fails?
It's not even your money, it's their money. The key is not to have much in a bank account and have it invested
You have government insurance for a certain amount per account. I think $250k.
@ oh okay
@@kakishisfriend1126until Dt gets rid of the fdic. So you won’t have that insurance. And with him removing more regulations meaning it will end even worse. Hello 1929
Geez, this is scary. I hope the U.S. gets the reasonable and competent leadership necessary to deal with that, right? Right?
Citibank stole the gold of the Haïti central bank how that has been forgotten ????
CalABLE specifically mentions like a Primary Residence (like first-home buyers).
Maybe not paying back a loan is okay if there was never one house owned.
The deposited money goes to the CEO pocket not a safe.
.
the competition for money-laundering is fierce...
.
hsbc has that on lock. I suggest buying now and they pay an excellent 5% dividend
I other words. Debt is the problem
The problem is that our representatives don't work for us. We are just tools that are used to make profit. Our representatives work for the rich and the corporations. We are not the priority. Making sure the corporations continue to make huge profits is their priority. If they pass legislation that just happens to benefit us then that is just a by product of the legislation. There will always be a main part of whatever legislation they pass that will benefit the rich and corporations in some way. It doesn't matter which party. Both the Democrats and Republicans are owned by them. They are both terrible for the people of the United States. And have been for a very long time.
If Citi is really that important, it should be a public institution owned by the government.
The US has too many banks, it has a residential banking system for the average joe which is only interested in extracting more fees from existing customers rather than growing the customer base. The net result is that the residential banking system for the average joe is 20+ years behind the times compared to other major international economies.
As for Citibank, it will be viewed as one of the classic examples of value destruction
I worked as a director of finance for Chase for 6 years about a decade ago. Here is the short and sweet mantra of the SVPs and EVPs based on the political climate.
Republicans in power: Spend spend spend. Fuel your growth with debt! Your gains will outweigh your debts, and you'll be able to pay it off in no time!
Democrats in power: We need some oversight and regulation in the banking sector. Spending is fine, but you need sustainable debt.
And that's why the American taxpayers will always bail out banks.
What is the one big bank in stressed / insolvent?
Either way, the working-poor (tax-payers)will pay for this disaster-again.
Trump's Q.E.II is on the way. Banks and the stock market will soar along with raging inflation. However, the inflation spread for workers is already untenable burdened with the national debt and low wages.
No worries. American taxpayers are always ready to bail them out. The working class gets screwed over and over again.
Are you saying JP Morgan is at risk of failing?
No. That would be securities fraud. So they speak of vague bank failures so they don't need to provide any real evidence
JPM isn’t at risk lol
NO
Easy to find yourself in trouble when youve got a safety blanket. Time for bonuses and stock buy backs!
Lol. Like we worry about banksters. They are the most catered to and protected group in country
Well if banks fail I can go to WALL ST and never bee thirsty with my LIFE STRAW drink like a dog from the toilet bowl.😮😅
FDIC insurance should be an option offered to and paid for by individual depositors.
Commercial real estate I love this asset type, work with it every day.
meanwhile banks post record profits.
Somehow consumers who just want a bank account to save their money and pay bills are responsible for Citi Bank buying a bunch a bad mortgages.... riiiiight........
Their customer service sucks. All offshore and clueless. You don't get "rich people " that way.
Just borrow money from the bank and dont pay it back. Its the bank that will fail and not you.
Debt is an illusion. Dont ever feel bad to borrow and spend money.
yes
Yeah, ok. Good luck.
Great
not sure about citi strategy to get back in the wealth market. better to build on where they are strong (corporate solutions) then weak divisions.
You missed the word "again" from the end of the title...
How old is this video?! Seems like it from January of 2024
Yes, I'm pretty sure I have already seen this. I was wondering why this was posted again? Hmmm.......
Let them fail no bailouts let the free market be free
OUR LIFES ARE FALLING APART OUR COUNTRY IS FALLING APART😢 I DONT KNOW HOW WE ARE GOING TO SURVIVE,, IM SCARED 😢 AND EVERY THING THAT IS HAPPENING IS RUINING MY MENTAL HEALTH AND PHYSICAL HEALTH.. 😢
Why did J. Diamond just get a raise to 39 million in compensation for 2025 as announced during Davos.
This glimpse into how the sausage is made sickens me .
Different products are more successful in different environment. When policy changes the environments some traditions systems suffer and it can be hard to pivot if you are locked in with certain clients. Instability kills banks that is all it is.
In some cases it costs $1600. a month for a living space that is no more than two rooms.
Real Estate investing has become a very profitable industry.
Lenders have gone after the profits overextending themselves with massive Real Estate portfolios.
It is not only residential, whole areas of cities are being and have been developed for sports stadiums, retail, restaurants, entertainment.
It's called gambling.
Companies exist to enrich upper management, anything else is trivial.
Less systemic when most communities went to credit unions when big banks Gauged the customers lol
In other words, people trust banks ONLY to the point they can get their money back! Got it!
Don't trust anything Mike Mayo says. He works for Wells Fargo which has a PROVEN track record of defraud its own customers.
DOUBLE tax treaty networks are becoming serious prospective success things!💰
Good
"Destroying value."
It reminds me of non-healthcare or non-teaching graduates who received loan forgiveness.
With California up in frames real estate loans will definitely go up
Do you think they will give attractive interest rates? I’m curious how that will be handled
I lowkey hope this causes depreciation in value in Caliofrnia because ppl move out of cali
@ supposedly there will be reassessments in value done on the properties, and it will be 0 for places that were destroyed. I don’t know enough about it, but hopefully it makes housing affordable for people.
Small banks collapsing is a consequence of their work or deliberate action to concentrate the banking in just a few?
No more bailing out banks
Maybe focusing in MEI and not DEI could improve their financial situation
Stock market are rally, so people forget about financial crisis in the past.
Start using Credit Unions. More personable and most give back funding directly to the local community!!
We told yall….another recession is going to hit us. End of story.
You know they not going to blame their orange god or themselves for it, even when evidence is provided
We must print more money and have price controls
Click bait .. it's all about citi
Thank u
2min in...I'll stop watching
Shouldn’t there anyways be some banks at risk of failing? It’s every American bank supposed to exist perpetually until the end of time?
why? there are federal reserve, advanced technology with military in america
1:19 Walmart Great Value Bill Gates
If you're too big to fail, you're too big to exist. It's that simple.
Policy can’t change things fast enough
Why so much time on Citi in this content? They put themselves into decline with excess investment in sub-prime mortgages, followed by treating many customers poorly. They don’t seem at risk of failure, buy-out yes, but not failure.
stop living BEYOND your means. STOP the overspending and pay down your debt.
Why are there so many commercial real estate loans stressing these small banks? Why does the population keep increasing at such a rate that housing can't keep up? Meanwhile, we keep talking about low fertility in developed nations? Are we BSing or over compensating with lenient immigration policies that favor corporations that lie and say there aren't enough qualified candidates when what they really want are international hires that are cheaper, just glad to have the potential green card dangled in front of them, willing to work overtime and tolerate abusive behavior from management?
12:29 thats the definition of a ponzi scheme
It's all about the asset management fee$$$$$
So if someone have money city groups, he need to swich bank asap