news
The Banking Crisis not Over
Share page
If you decide to read through the article, you may get this feeling you are in 2008, and you will not be far off. A lot of bad blood is in the financial system, and the bets were that interest rates would remain artificially low. Just like in the casino, the house wins and in this case, the government wins and everyone else loses.
 
The goal is to consolidate into an even bigger too big to fail banking system, and people are already talking about eliminating smaller banks and the regional banking system. Fewer banks mean more risk, not less risk, and means even tighter control by the government over the banking system.
 
Source Bloomberg: “At the center of First Republic’s balance sheet was a $137 billion problem that made it a particularly hard sell: a giant book of those low-interest mortgages, mixed with some others, whose value had been severely dented since the Federal Reserve started raising interest rates.”
 
Here are some other articles you may find useful
1 MIN READ
Don't Make These Mistakes When Bying A Home

I can help you avoid making these mistakes (and more) when purchasing a home! If you've got questions about how to get started, kindly let me know—I'd love to chat. I would also add to this, waiving appraisals.  Each persons' situation is

SHOW MORE
1 MIN READ
Open Door Announces Additional Layoffs

Open Door cuts 22% of its staff in addition to previous layoffs within the last year. What is going wrong?The probability of success for Open Door appears to be decreasing over time. Real estate is a highly complex market system with hundreds of thou

SHOW MORE
1 MIN READ
Consumer Confidence Drops To Nine Month Low

  Click on the image to read the full article! #article #news #notablearticle #listreports #realestate

SHOW MORE
1 MIN READ
Don't Make These Mistakes When Bying A Home

I can help you avoid making these mistakes (and more) when purchasing a home! If you've got questions about how to get started, kindly let me know—I'd love to chat. I would also add to this, waiving appraisals.  Each persons' situation is

SHOW MORE
1 MIN READ
Open Door Announces Additional Layoffs

Open Door cuts 22% of its staff in addition to previous layoffs within the last year. What is going wrong?The probability of success for Open Door appears to be decreasing over time. Real estate is a highly complex market system with hundreds of thou

SHOW MORE