Pacwest: Another Community Bank Fails! ft. Peter St Onge

In this video, Peter delves into the recent merger involving PacWest, California's third-largest bank, and another regional bank. Despite reassurances from Janet Yellen about the banking system's safety, PacWest faced significant challenges, including risky loans to tech ventures and falling bonds. As customers worried about their money, the bank attempted to unload assets at fire sale prices but couldn't keep up with the pace.

Peter St Onge from @Profstonge has granted us permission to upload this video for our audience.
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Peter's Website: https://peterstonge.com/

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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.

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