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General News    H3'ed 6/11/20

Will the Banks Collapse?

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Will The Next Bank Bailout Bankrupt America?
Will The Next Bank Bailout Bankrupt America?
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The U.S. financial system could be on the cusp of calamity. This time, we might not be able to save it.

Loan defaults are already happening. There were more in April than ever before. It will only get worse from here. Even before the pandemic struck, the credit-rating agencies may have been underestimating how vulnerable unrelated industries could be to the same economic forces as in 2008-09.

Read the rest of the story HERE:

At www.theatlantic.com

 

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

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