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Pam and Russ Martens: Four U.S. mega-banks have more than $3 trillion in uninsured deposits
12:10p ET Thursday, March 30, 2023
Dear Friend of GATA and Gold:
Pam and Russ Martens of Wall Street on Parade report today that four of the biggest banks in the United States -- JPMorganChase, Bank of America, Wells Fargo, and Citibank -- collectively hold more than $3 trillion in uninsured deposits.
Good thing the U.S. banking system is sound -- and that the U.S. government itself is too.
The Martenses' report is headlined "Congress Sweats the Small Stuff as Four Wall Street Mega Banks Have a Combined $3.3 Trillion in Uninsured Deposits" and it's posted at Wall Street on Parade here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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