Is the bank system sound Robert Kiyosaki, Andy Schectman

The institutions that are deemed too big to fail will always be bailed out. In his book, Conspiracy of the Rich: The 8 New Rules of Money, Robert Kiyosaki wrote that bailouts are the name of the game. This week, the Fed bailed out two regional banks that collapsed. As depositors of those banks feared money in their accounts was gone, the Fed stepped in to replenish any of the money depositors would have lost including accounts holding over 250, 000. Janet Yellen, Treasury Secretary, told senators that this guarantee will not be extended to smaller regional banks in the future. Lawmakers are concerned these backstops could become a new norm for big banks, giving too big to fail banks an unfair advantage over community lenders. +++Want to know the secrets of the rich Learn the money rules that rich people use to protect grow their wealth during economic turmoil by subscribing to Rich Dad s Wealth Experts: Facebook: RobertKiyosaki Twitter: TheRealKiyosaki Instagram: TheRealKiyosaki