Episodes
Tuesday Jan 03, 2023
FDIC Prepares for Bank Failures as Bad Assets Climb
Tuesday Jan 03, 2023
Tuesday Jan 03, 2023
We're not alone in thinking another global financial crisis is inevitable. Financial leaders who regularly meet at the USA's Federal Deposit Insurance Corporation are also hard at work in hopes they will be prepared for the resolution of the original 2008 crisis, which was merely papered over by bailouts and delayed bankruptcies to come.
The FDIC problem bank asset size admittance, that figure ballooned this year. And the shape of their data and this graphic suggests the USA and the world might be sleepwalking into eventual financial spillover events, which can be boiled down to stressful time frames when seemingly everyone increasingly wants their capital back.
Given the tone of this FDIC meeting from last month, it is important for everyone to review the current bank bail-ins laws, and how a prudent bullion investment allocation can help individuals protect wealth if and when these laws are used systemwide.
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