ilmscore | Prediction Details
"this is much worse "than 2008 for the "banks no you know because in 2008 "commercial real estate wasn't a problem "at all it was only residential and the "banks were only losing money on the "mortgages that went into default "today they're losing a fortune on "Commercial Real Estate and they're "losing money on every mortgage that's "current all the mortgages that are paid "that they're that they're being paid on "those are the ones they're losing on"
By Minority Mindset | April 23, 2024 | Pending
From video
ECONOMIST WARNS: A Great Depression Is Coming In America | Peter Schiff x Jaspreet Singh 00:57:14 - 00:57:40
Interpreted Prediction
The current banking crisis is worse than in 2008 because it involves losses on both commercial real estate and all current mortgages, not just defaulted residential ones.

Prediction Details

Topic
Banking System

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