JP Morgan, Chase and Wells Fargo banks recently reported their second quarter losses at 3 1/2 billion dollars and that is just for two banks all due to bad debt and delinquent loans that they do not expect to receive back. This number has jumped $1 billion a year over year. Clearly this economy is not working for everyone otherwise people would be paying their bills.
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Articles Mentioned in the Video
https://dailyhodl.com/2024/07/12/jpmorgan-chase-and-wells-fargo-suffer-3500000000-in-losses-as-us-banks-report-massive-surge-in-delinquent-debt/
https://moneywise.com/news/seniors-left-scrambling-for-cash-after-affordable-housing-community-in-miami-threatens-rent-hike
https://www.floridarealtors.org/news-media/news-articles/2024/07/learn-more-about-amendment-5
https://apple.news/AmKcSNRUOQ3S7y5VpzrpoNg
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