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‘You Should Be Worried’: Fox Business Reporter Warns That Over a Dozen Regional Banks Are ‘Very Impaired’
by Harold Hutchison DailyCaller.com
Fox Business reporter Charlie Gasparino said Thursday that multiple sources told him that over a dozen regional banks are “very impaired” in the wake of First Republic Bank’s collapse.
“The big banks, I believe, the J.P. Morgans, the Bank of America, CitiGroup, Wells Fargo, they’re well-capitalized, they’re diversified and do different things, but we have a problem with regional banks,” Gasparino told “Fox News Tonight” host Lawrence Jones. “And what is the problem? The problem is we printed a ton of money, we spent a ton of money from the federal government. Those banks went out on the spectrum, as gamblers always do, when you give them free money, and they invested in risky stuff. They loaded up on capital at the top of the market.”