Big Six Bank Stocks Outperforming Market By Ten Times

Greg Hunter of interviews Nomi Prins, a former Wall Street banker, author and TalkMarkets contributor.

Summary:  Nomi Prins states that there is this myth that somehow the Fed’s quantitative easing (money printing) is helping to create jobs. But in reality, the big six bank stocks are outperforming the rise in the stock market generally by ten times. They are the ones who have received the most benefit, and they are the ones who are still in trouble.” 

Can the Fed stop supporting the big banks?  According to Prins, “The banks can’t survive without the Fed support, period." According to Prins, depositors could be in trouble during the next banking calamity.  In her words, there is a danger that depositors could lose money because the FDIC would not be able to contain a mega fallout. . . . "They’re creating a facade of stability until it falls apart.” 


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