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Scholars Corner: Credit Card Crisis: Small Banks Under Siege! · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: Freddie Carr delinkalis are at a record high amongst small banks.
• 1:05
  Speaker 3: Could this be the catalyst for the final round of
• 1:09
  Speaker 3: consolidation in small and regional banks.
• 1:16
  Speaker 4: I believe so.
• 1:17
  Speaker 5: Like if the rate goes up to maybe nine percent
• 1:20
  Speaker 5: or maybe ten percent. Because of course it's fine right now,
• 1:24
  Speaker 5: and of course I know a lot of people want
• 1:26
  Speaker 5: to be flipping about it's GDP that the income ratio
• 1:30
  Speaker 5: credit cards are being high, But very rarely when we
• 1:34
  Speaker 5: talk to people do I feel even people that I
• 1:37
  Speaker 5: know that are rich are feeling a crunch because either
• 1:40
  Speaker 5: they're having to take care of more people, they're having
• 1:42
  Speaker 5: more expenses and trying to grow to business or sustain
• 1:45
  Speaker 5: throughout this period. And I'm seeing a slow collapse of
• 1:51
  Speaker 5: the regional banks. Small banks I feel bad for. But
• 1:54
  Speaker 5: this is a classic example of the big banks and
• 1:56
  Speaker 5: too big to field banks are going to get bigger.
• 2:00
  Speaker 5: I feel like Chase is going to be the biggest
• 2:02
  Speaker 5: benefactor YEP. As a result, Bank of America they need
• 2:08
  Speaker 5: to get their things together or in the next cycle
• 2:12
  Speaker 5: in twenty thirty four, they may have a chance of
• 2:14
  Speaker 5: going under. I like Brian moren in hand as the CEO,
• 2:17
  Speaker 5: but the culture at Bank of America isn't as strong
• 2:19
  Speaker 5: as it used to be, especially pre two thousand and eight.
• 2:25
  Speaker 5: But just like we saw a whole bunch of banks
• 2:26
  Speaker 5: in two thousand and seven, in two thousand and eight
• 2:28
  Speaker 5: either get bought or go under. I think we're going
• 2:30
  Speaker 5: to see a consolidation in the banking space. And if
• 2:34
  Speaker 5: we continue to have record interest rates and people are
• 2:39
  Speaker 5: struggling to pay their credit card debts and balances are
• 2:41
  Speaker 5: remaining higher, yeah, I think we're going.
• 2:43
  Speaker 4: To see some of these get brought up.
• 2:44
  Speaker 6: Yeah, you're talking about Lendon Tree put out a report.
• 2:47
  Speaker 6: They said that the average US credit card interest rate
• 2:50
  Speaker 6: is twenty four point three percent.
• 2:52
  Speaker 4: That is insane, almost twenty five average.
• 2:55
  Speaker 6: So you know there's a bunch of people that's twenty
• 2:59
  Speaker 6: thirty five loan shark, right, So that's that's from a
• 3:03
  Speaker 6: credit card. But that's the first delinquacy we need to
• 3:05
  Speaker 6: look at. The second delinquacy we need to look at
• 3:08
  Speaker 6: is the student loan delinqualcy. That's about because effective this month,
• 3:16
  Speaker 6: repayment is back in order and so yeah, well it'll
• 3:19
  Speaker 6: take a couple of months to see who can pay
• 3:21
  Speaker 6: and who's not going to pay and for it to
• 3:23
  Speaker 6: be reported.
• 3:23
  Speaker 4: But that's a delinqualcy. We need to look at car loans.
• 3:28
  Speaker 6: Those delinquency numbers are going up, and so if we're
• 3:31
  Speaker 6: watching all these things go up and we have to
• 3:34
  Speaker 6: take account who is the who are the people that
• 3:35
  Speaker 6: are loaning, putting creating the loans, and how if people
• 3:39
  Speaker 6: are not going to be able to pay on what
• 3:40
  Speaker 6: do those banks now do?
• 3:42
  Speaker 5: Are there any cars that are new available under thirty
• 3:46
  Speaker 5: five thousand dollars?
• 3:49
  Speaker 4: The key is I'm seeing fifty two thousand. Yeah, I
• 3:51
  Speaker 4: think I've just read a report.
• 3:52
  Speaker 6: I think the cheapest model for a new car it
• 3:56
  Speaker 6: might be twenty four thousand.
• 4:00
  Speaker 4: Who was it?
• 4:01
  Speaker 6: I think it was Toyota? What's under the Corolla? The
• 4:05
  Speaker 6: smallest thing got?
• 4:06
  Speaker 4: Yeah?
• 4:08
  Speaker 6: It might have been that. It might have been that. Yeah,
• 4:11
  Speaker 6: but erness what's up? You ever walk into a small
• 4:14
  Speaker 6: business and everything just works like? The checkout is fast,
• 4:18
  Speaker 6: the receipts are digital, tipping is a breeze, and you're
• 4:21
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• 4:25
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• 4:28
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• 4:34
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• 4:36
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• 4:58
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• 5:15
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• 5:21
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• 5:23
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• 5:26
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• 5:34
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• 5:38
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• 5:41
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• 5:44
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• 5:47
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• 5:58
  Speaker 6: National Association member FDIC, an.
• 6:03
  Speaker 1: Illegal alien from Guatemala charged with raping a child in Massachusetts.
• 6:07
  Speaker 1: An MS thirteen gang member from Al Salvador accused of
• 6:11
  Speaker 1: murdering a Texas man of Venezuelan charged with filming and
• 6:15
  Speaker 1: selling child pornography in Michigan. These are just some of
• 6:19
  Speaker 1: the heinous migrant criminals caught because of President Donald J.
• 6:23
  Speaker 1: Trump's leadership. I'm Christy nom the United States Secretary of
• 6:26
  Speaker 1: Homeland Security. Under President Trump, attempted illegal border crossings are
• 6:31
  Speaker 1: at the lowest levels ever recorded, and over one hundred
• 6:35
  Speaker 1: thousand illegal aliens have been arrested. If you are here illegally,
• 6:39
  Speaker 1: your next you will be fine nearly one thousand dollars
• 6:42
  Speaker 1: a day, imprisoned and deported, you will never return. But
• 6:47
  Speaker 1: if you register using our CBP home app and leave now,
• 6:51
  Speaker 1: you could be allowed to return legally. Do what's right.
• 6:54
  Speaker 1: Leave now. Under President Trump, America's laws, border and families
• 7:00
  Speaker 1: be protected.
• 7:00
  Speaker 2: Sponsored by the United States Department of Homeland Security. Just
• 7:03
  Speaker 2: think about that.
• 7:10
  Speaker 4: No, no, no, no.
• 7:11
  Speaker 6: This is anybody that has these vehicles, but it's becoming
• 7:14
  Speaker 6: more expensive to have them. You have student loan debt,
• 7:17
  Speaker 6: you got a credit card debt. Wages are not increasing
• 7:20
  Speaker 6: at all, right, interest rates are about to be raised again.
• 7:26
  Speaker 4: It's a recipe, and they are a lot about these jobs.
• 7:28
  Speaker 4: Can we be honest?
• 7:30
  Speaker 5: You're getting four hours at shakeshack is not like boosting
• 7:34
  Speaker 5: the economy.
• 7:35
  Speaker 4: They're lying. They're lying like same way with the music industry.
• 7:41
  Speaker 5: At one point of artists, a flop was one twenty
• 7:44
  Speaker 5: Burner Boy is sold twenty one thousand.
• 7:46
  Speaker 4: Are you lying now or then? Some impossible? How was.
• 7:54
  Speaker 5: Smith and Wesson able to do one hundred and fifteen
• 7:56
  Speaker 5: first week and now Burner Boil only do twenty one thousand.
• 8:00
  Speaker 4: There's a lot somewhere. The numbers are not adding up.
• 8:02
  Speaker 5: And when you factor in interest rates, with everything adjusting,
• 8:07
  Speaker 5: our payments are going to be higher than what we
• 8:10
  Speaker 5: pay for defense and military. And we spent too much
• 8:15
  Speaker 5: on the y'all want to talk about grift?
• 8:19
  Speaker 4: Who the fifteen graft hit different?
• 8:21
  Speaker 5: I got to the level I'm trying to learn how
• 8:23
  Speaker 5: to sell the fighter jet.
• 8:25
  Speaker 4: Biden with everything I said before was just jokes.
• 8:27
  Speaker 5: I hope everything goes wealthy and your son teach me
• 8:29
  Speaker 5: how to sell some fighter jets, so we get that's
• 8:31
  Speaker 5: the real bag getting twenty thirty million a pop perdu Sol.
• 8:37
  Speaker 5: The airport, you Jeri, Now we won't be interviewing them
• 8:43
  Speaker 5: for all of you haters, but.
• 8:46
  Speaker 4: It was album he sold the airport.
• 8:50
  Speaker 7: Airport a fantastic boy if it was like some crazy
• 8:56
  Speaker 7: number to six hundred, crap biggest, ten biggest, So the airport.
• 9:02
  Speaker 4: Hey, hey, it's tough.
• 9:06
  Speaker 5: But as Rashad would say, I say that to say
• 9:09
  Speaker 5: we need to fix our economy so that we can
• 9:11
  Speaker 5: all do better and prosper Also, we have macro down periods.
• 9:15
  Speaker 5: I mentioned vendor cycle before when we went to Breakast
• 9:17
  Speaker 5: Club the first time. I'm like, yo, twenty four coming
• 9:20
  Speaker 5: we hit a recession.
• 9:22
  Speaker 4: Charlie is like you sure. Troy's like.
• 9:25
  Speaker 5: Gets throwing off the numbers, and here we are boxteen
• 9:28
  Speaker 5: twenty four, all hell on earth as COVID is spiking
• 9:32
  Speaker 5: back up.
• 9:32
  Speaker 4: So then if.
• 9:33
  Speaker 5: COVID spikes back up, the farmer companies are going to
• 9:35
  Speaker 5: do well, but we're gonna have to probably sit back
• 9:38
  Speaker 5: in the house.
• 9:39
  Speaker 4: And while all traveling tourism is down at scale.
• 9:44
  Speaker 6: It's interesting as you watch these companies then you're like,
• 9:47
  Speaker 6: I wonder if they're doing well as I'm watching the
• 9:49
  Speaker 6: US opening. I'm looking at Maderna as the official sponsor.
• 9:52
  Speaker 6: I'm thinking about like four years ago that this wasn't
• 9:55
  Speaker 6: the case. They got like the instant replay, the best
• 9:58
  Speaker 6: shot of the game.
• 9:59
  Speaker 4: I'm like, why, that's crazy. But in due time for yeah,
• 10:06
  Speaker 4: yeah people, I saw this some sniffles. In about three weeks,
• 10:09
  Speaker 4: it's blue season. Yeah, almost over yep.
• 10:14
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 10:17
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 10:21
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 10:26
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 10:30
  Speaker 1: some of the heinous migrant criminals caught because of President
• 10:33
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 10:37
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 10:42
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 10:45
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 10:49
  Speaker 1: are here illegally, your next you will be fine nearly
• 10:53
  Speaker 1: one thousand dollars a day, imprisoned and deported, you will
• 10:57
  Speaker 1: never return. But if you register using our CBP home
• 11:00
  Speaker 1: app and leave now, you could be allowed to return legally.
• 11:04
  Speaker 1: Do what's right. Leave now. Under President Trump America's laws,
• 11:09
  Speaker 1: border and families will be protected.
• 11:12
  Speaker 2: Sponsored by the United States Department of Homeland Security,