Andy Schectman: Will Yellen Let The Banks Fail Next Time?

Liberty and Finance, Released on 6/27/23

“I think by the end of this year we are going to see a lot more stress in the banking system – a lot more,” says Andy Schectman, CEO and president of Miles Franklin. He expects massive strain on commercial real estate and small businesses. 70% of these sectors are exposed to the regional banks. “I think this time the difference will be that Janet Yellen will let them fail.”

0:00 Intro
3:13 Market updates
33:30 Weekly special
35:25 Miles Franklin

Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals. Prior to starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial Planner, specializing in Swiss Franc Investments and alternative investments. At Miles Franklin Ltd., a company that has eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, and ethical behavior, superior customer service and satisfaction to better serve their clients. He is responsible for overseeing the firm’s operations and business functions; including strategy and planning, account management, finance, and new business.

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