How Bank Failures Can Destroy The Economy

30th March 2023

If you want to know why banks are important and why it is dangerous to allow them to fail then this article and video by Tejvan Pettinger sets it all out.

Bank bailouts are back. But, why do governments go to such lengths to save banks who took risks, ignored regulations and made a loss? This title about bank failures destroying the economy is not actually linkbait title. I think it is fair to say, the US bank failures of 1930-33 really did destroy a good part of the US economy and cause widespread economic and social damage.

Read the full article HERE