Hundreds More Banks Risk Failing This Summer: Nothing Was Fixed Warns Top Economist

"At this point, we have a banking system that is sick. I mean, it's just crippled,” says Peter St. Onge, a former MBA professor and Ph.D. economist. In an exclusive interview with Daniela Cambone, St. Onge delivers a stark warning about the fragility of the US banking system, revealing the alarming dependence on the Treasury and Federal Reserve for financial survival. Without their support, he asserts, "the entire US banking system for sure would be bankrupt."

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