The 45th President of the United States Donald Trump commented on the situation with the cascade of bankruptcies of large American banks. Recall, that in addition to the bank to support the high-tech sector Silicon Valey, two more banks announced bankruptcy (at the moment). Their total capitalization is estimated at half a trillion US dollars..
According to Donald Trump, Joe Biden will go down in US history as the second Herbert Hoover (US President in 1929-1933 years – ca.. IN)».
tramp:
Based on what is happening with our economy, We can say that Joe Biden is a modern-day Herbert Hoover. And the Great Depression awaits us, which will be much worse than that, that was in 1929 year. There are prerequisites - several banks have already gone bankrupt in a short time. Today, the current US president, speaking to the Americans, He stated, that "there is no cause for serious concern". According to him, American citizens and businesses can be sure of support and that, that their bank deposits will be secured.
Notably, while Biden said this, "burst" the third American bank, on whose accounts there were about 100 billion dollars of depositors' funds, including corporate. At the same time, stock prices of European banks went down.. So, the largest Swiss bank has experienced the largest collapse in the value of its securities in history (in percentage terms), losing immediately 11% capitalization.
American columnist Joseph Stiglitz recalled that, that a series of bank failures in the United States occurred a few days after, how Fed chief Jerome Powell announced the "reliability and stability of the American banking system". On this basis,, as noted, millions of Americans have every reason not to trust Biden's statement today that, that there is no reason to panic and withdraw funds from accounts. According to Stiglitz, banking troubles hit hundreds of US tech start-ups, as well as for citizens of the country with low earnings. Stiglitz notes, that the rise in unemployment "among non-white young men" could jump in the short 15 to 20 percent, which in turn will jeopardize the solvency of millions of American families.
