Bill Ackman says U.S. economy risks heading into a 'train wreck'

Hedge fund billionaire Bill Ackman says the U.S. economy risks heading for a “train wreck,” following Wednesday’s interest rate hike and comments from U.S. Secretary of the Treasury Janet Yellen pushing against universal guarantees for banks. “We have gone from implicit support for depositors to…

#billackman #treasury #janetyellen #federalreserve #siliconvalleybank #svb #firstrepublicbank #yellen #jpmorgan #jamiedimon