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According to Public Banking Institute (PBI) founder Ellen Brown, the banking system's problem stems from the fact that money in its banks is debt that it keeps on loaning to other people. [...]
Midsize banks in the US have reportedly requested that the Federal Deposit Insurance Commission (FDIC) start insuring all bank deposits during the next two years in order to avoid further bank [...]
Sen. Elizabeth Warren (D-MA) ratcheted up her criticism of Federal Reserve Chair Jerome Powell, contending he “took a flamethrower” to bank regulations.
Congress to take action to regulate banks, to really punish banks for this kind of mismanagement that could lead to what happened with silicon valley bank. on the other hand, on capitol hill, speaker mccarthy is pushing back. he is saying, we don't really need to do anything here. what do you expect to happen in terms of washington playing a role in this crisis? >> i think what president biden started out in terms of policy prescriptions when it comes to the banking collapse was interesting. he is targeting the management bonuses making sure the bank executives are properly punished for their ...
Fears of banking collapse is spreading now beyond the borders of the united states. the anxiety coming after credit swiss stock crashed 30% today. the biggest shareholder appeared to rule out any more funding for the embattled lender, but just moments ago it confirmed that will borrow more than 50 billion dollars from the swiss national bank. cnn's marc stewart joins me now. mark, i'm so glad that you're here. look, a lot of people are nervous about these bank failures that they could spread. i'm wondering is the fear now spreading worldwide? >> i'll, or it's always good to see. the answer to ...