Banks, Bail-Ins and the FDIC
If a financial collapse occurred within the banking system, one of two things would happen. You would receive a ‘bail-in’ or ‘bail out.’
The first week of the month is always a big week for economic numbers, namely the Jobs Report. People hang over this monthly report, but the truth is the announced results are rarely an accurate depiction of job growth across the country. Simply stated, the numbers are essentially made up.
So what is real with the Jobs Report, and how are we supposed to interpret the numbers we are being told? Host Lou Scatigna, CFP® breaks it all down in this segment from The Financial Physician.
If a financial collapse occurred within the banking system, one of two things would happen. You would receive a ‘bail-in’ or ‘bail out.’
Listen to The Financial Physician, where Lou Scatigna, CFP® talks money, markets, politics and other topics that affect your financial life.