Bank failures often have a ripple effect, when one big bank goes, a bunch of smaller ones often walk off the cliff too.
Are bank failures good for the economy? They may make for nice executive bonuses at JP Morgan, but what about the rest of Americans?  Hear more about bank failures and what they mean for you on Wealth Talks. Listen Now.

Resources

The Perils of Banking and How to Avoid Them - Video

A Biblical Guide to Personal Finance

We just watched two big banks fail - Silicon Valley Bank (SVB) and Signature. Bank failures happen quite frequently, but the failure of SVB and Signature heralded the largest bank failures since 2007-08.

With the failure of these banks, one may wonder how safe life insurance companies are. What happens when an insurance company goes broke like AIG did in 2008? Find out on Wealth Talks.

We’ve probably all heard the term Becoming Your Own Banker. Why would anyone want to be a banker? Aren’t bankers the professionals? Why not just let them manage all the money?

Today on WealthTalks Tom and John share some very interesting and astounding, numbers. At the end of this podcast you will not only realize exactly why you should manage your own money, you will also know how.

Listen to the episode now!

From 2008 the US government has bailed out major banks to the tune of 16.8 trillion dollars! But banks did NOT lose their own money, they lost depositors money. Today we explore some fun and amazing visual pictures of 1 trillion dollars!

See one example here: http://demonocracy.info/infographics/usa/us_debt/us_debt.html

Also discover what you can learn from the Banks to protect YOUR money the way the Banks protect THEIR own money.