Peter Schiff blames ‘too much gov't regulation’ for worsening financial crisis

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Coin Telegraph 3d ago

Peter Schiff blames ‘too much gov't regulation’ for worsening financial crisis - Coin Telegraph

Quick Summary:

Finding the right balance between regulations and banking institutions is important for Schiff, considering that Puerto Rico regulators closed down Schiff’s bank due to non-compliance.

A deeper analysis of Silicon Valley Bank (SVB) by a group of economists revealed that nearly 190 banks in the United States are at risk of a depositor-driven collapse.

As Cointelegraph reported, pseudonymous Twitter user James Medlock and Srinivasan made the wager based on their different views of the U.S.economy's future amid ongoing uncertainty regarding the country's banking system.