Banks Are Going to Drown in an Ocean of Defaults

The Bank Run…In a worrying sign for the banks, JPM just reported that it will be closing 1,000 Chase branches out of the more than 5,100 across the US. This comes just one day after Treasury Secretary Mnuchin insisted that no banks were considering closures, “Law and Order Are About to Break Down“. Banks are … Continue reading Banks Are Going to Drown in an Ocean of Defaults