Dallas Fed President Warns: Bank Crisis Entering “Third Phase" ft. Peter St Onge

In this video, Peter talks about the current state of the banking industry as former Dallas Fed President Kaplan speaks out. With money draining out of banks at an alarming rate, reaching a record high of $5.4 trillion, regional banks face a daily drain of $8 billion. As the crisis deepens, small businesses suffer the most, while mega-banks prioritize billion-dollar loans. The regional banks' only survival option is to shrink their loan books, leaving small businesses stranded.

Peter St Onge from @Profstonge has granted us permission to upload this video for our audience.
Peter's Twitter: https://twitter.com/profstonge?s=20

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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.

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