It may not be 2008 all over again

It may not be 2008 all over again

Upworthy

Published

Crashing financial markets, depositors rushing to withdraw their money, and fears over the next domino to fall. Not since the 2008 financial crisis has the global banking system appeared so fragile, as the rapid increase in interest rates used to tackle soaring inflation sends shock waves through…

#ubs #siliconvalleybank #atlantic #bigshort #northernrock #bankofengland #alastairryan #bankofamerica #jeromepowell #usfederalreserve

Full Article