Banking Issues Intensify Internationally – More To Come?

There was plenty of excitement in the financial world over the weekend, with a government-brokered merger between two Swiss banks and continued worries about the soundness of the U.S. banking system.

Much of this news flies right over the heads of most people – and for good reason. According to (admittedly lagging) Federal Reserve data about the average size of Americans’ bank accounts, the vast majority of individual accounts are fully FDIC-insured. Does that mean problems won’t erupt at Bank A or Bank B? Of course not. Banks can and do fail, more often than not during times of wider economic distress. (RELATED: Yellen: Banking System ‘Sound’ But Not All Deposits Guaranteed)

Naturally, this leads some people to discuss what sort of Black Swan events may be lurking out there in the financial wilderness, waiting for the right nudge to unleash market mayhem.

No one, who’s honest, knows what it may be. But there is one thing we do know for certain about Black Swans: a group of them on the ground isn’t a “flock.”

It’s a “bank.”

The opinions expressed in this article are those of the author and do not necessarily reflect the positions of American Liberty News.

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