Not Good! “Former TARP watchdog: ‘No question’ that banks will need another bailout”
March 12, 2019
“A key figure in the financial crisis is not convinced that the U.S. government has fixed its “too big to fail” problem…
Barofsky told Yahoo Finance that the largest banks have only gotten larger and more interconnected than they were before the crisis… [Referring to the 2008 banking bailouts]
Barofsky said if another crisis strikes, the sheer size of these banks — in addition to regulatory rollbacks on capital requirements — would inevitably force the government into another bailout…”
https://finance.yahoo.com/news/neil-barofsky-tarp-bank-bailout-130608798.html
Knowledge is power. This time be ahead of the game. Learn from the past. Position to profit in the future. Don’t be one of the people running to the bank at the last minuet attempting, in vain, to pull all your money out. Be smart and avoid a potential run on banks. The time to prepare is now where there is still time not later.