Greed has made US banks crash again. Will we learn some lessons! THE MONEY TRAIL https://www.youtube.com/watch?v=CO3KmHgWKoo CFA India Mar 20, 2023 It is history repeating for the US. After the great bank crash of 2008 when more than 400 banks went down US government vowed that it will never happen again. But today they are staring at another crisis that may spiral in to a bigger on. This time bond markets failed them. Greed for profit made the now failed banks to invest in markets. Indian banks too are more into markets like never before. In the obsession to maximize profits they want to discourage the public too- shut down rural branches, deny loans, increase bank charges. Will we learn any lesson from US?
Meanwhile in the US, similar to the 2008, government is pumping loads of money to resurrect the banks. Most likely those responsible for the crisis may escape scot free as it was in 2008.
Will it affect India: https://youtu.be/CO3KmHgWKoo?t=341 State of our Banks. CRR requirements. Moving away from Mass banking.. and going into investments etc .
Thomas Franco .. https://youtube.com/embed/CO3KmHgWKoo?start=369&end=456 & https://youtube.com/embed/CO3KmHgWKoo?start=511&end=551 Public Sector bankers which are funding priority sector. the Govt should put an end to talk of privatisation