It’s no surprise that the media had played a part in the mass hysteria surrounding banks “supposedly failing” over the past few weeks. After the initial shock wore off, we began to see this was far more of a media event than it was an impact to your pocketbook event. The media had a field day with this.
Realistically, when you hear a bank fails, it doesn’t necessarily mean they ran out of money. It means that they don’t have the liquidity right now to hand you your cash.
Listen to what Marc and Marion have to say in this week’s episode of Dollars & Sense to learn more.
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During Dollars & Sense with Freedman Financial, your host, Marc Freedman, may discuss specific financial planning and investment ideas. These discussions are for general information only and are not intended to provide specific advice or recommendations.
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