Wall St. For Main St., Released on 3/8/22

Last week the European Central Bank (ECB) ordered European arm of Russia’s Sberbank closed https://www.reuters.com/business/fina…

But the counter party risk for large European banks continues to grow the longer this Ukraine war drags on and sanctions against Russia’s economy continue or even get worse.

There are even reports of Russian banks charging customers a 30% conversion fee to convert their Russian Rubles into other foreign currencies.

Levy Institute study about the Fed’s bailouts in 2008-2009: $29,000,000,000,000: A Detailed Look at the Fed’s Bailout by Funding Facility and Recipient https://www.levyinstitute.org/publica…

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Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

  bailouts, economic collapse, financial crisis, financial meltdown, Jason Burack, russia