Economy / FinanceNorth America

The Atlantis Report: Over 60 US Banks will Collapse with $500 Billion in Losses


A recent warning by the Federal Deposit Insurance Corporation (FDIC) has sent shockwaves through the financial sector, revealing that numerous U.S. banks are on the brink of collapse. This alarming situation is four times greater than the total losses recorded last year, painting a dismal picture of the challenges ahead. According to the FDIC, over 60 U.S. banks are now at risk of collapsing, with $500 billion of losses. To understand the magnitude and implications of this situation, here are some key points that every citizen and investor should know. The FDIC is an independent federal agency that protects depositors…

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