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This Would Make The Crisis 100x Worse | Peter Grandich & Dave Suckey
The full backstopping of Silicon Valley Bank deposits has led depositors elsewhere to question whether bank accounts everywhere will be fully protected. Insuring all deposits "is the ultimate Pandora's box and moral hazard," says Peter Grandich, "That will just make things 100-times worse." Peter Grandich of Peter Grandich & Co. joins us with Dave Suckey of C&A financial to discuss this topic and financial planning in the new economy.
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INTERVIEW TIMELINE:
0:00 Intro
1:22 Banking crisis
3:16 Bailout
4:29 Recession
6:12 Gold & silver
10:42 Planning
16:30 Buy and hold?
21:20 C&A Financial
26:00 Faith & finances
29:13 Miles Franklin
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