Will Yellen Let The Banks Fail Next Time? | Andy Schectman
“I think by the end of this year we are going to see a lot more stress in the banking system - a lot more,“ says Andy Schectman, CEO and president of Miles Franklin. He expects massive strain on commercial real estate and small businesses. 70% of these sectors are exposed to the regional banks. “I think this time the difference will be that Janet Yellen will let them fail.“
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INTERVIEW TIMELINE:
0:00 Intro
3:13 Market updates
33:30 Weekly special
35:25 Miles Franklin
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