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Why Banks Are About to Tighten Credit | Lance Roberts #Shorts

(3/16/23) "There is not enough money in FDIC to cover bank bailouts. There's not even enough money to cover all of Silicon Valley Bank. If we go bank to a 2008 situation, where you've got bank after bank after bank failing, there is not enough moeny to cover those. In the Pension Benefit Guanraty Corporation, there is not enough money in that to cover all the pensions. There's just not enough money. So ultimatey, at the end of the day, this is all going to wind up on taxpayers, because if we get into a situation where a lot of bailouts have to be done, it is going to have to be funded through government debt."

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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