Top Banking Expert, Cornelius Hurley Says Our Next Banking Crisis Is Here

This episode of Economics Matters is a checkup on our staggering banking system, which is scarily similar to the run ups to the S&L crisis and the Great Financial Crisis. Professor Kotlikoff is joined by Boston University Law Professor Cornelius Hurley. He has a wealth of private and government banking regulatory experience including serving as Assistant General Counsel of the Board of Governors of the Federal Reserve System. With over 30 years of diversified legal and entrepreneurial management experience in financial services, there are few people more qualified to cry wolf about the U.S. financial situation than him. Together Professors Kotlikoff and Hurley go into detail about the multiple bank failures the U.S. has experienced in the past half year. The downgrading of U.S. debt and rising Treasury rates. Plus, the fact that on a marked-to-market basis over half of FDIC insured banks are insolvent. Unless a miracle raises their asset values above their liabilities, they are heading down the tubes. The only question is whether they will go out of business slowly or overnight. ------------------------------------------------------------------------------------------------------------- Economic Matters - The podcast is hosted by Laurence Kotlikoff and moderated by Alex Kotlikoff. Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic. Facebook ⁠https://www.facebook.com/Kotlikoff/⁠ Twitter ⁠https://twitter.com/kotlikoff⁠ LinkedIn ⁠https://www.linkedin.com/in/laurencek...⁠ Substack ⁠https://larrykotlikoff.substack.com/⁠ Books ⁠https://kotlikoff.net/books/⁠ Company ⁠https://maxifiplanner.com/