UPDATE! People Have STOPPED PAYING THEIR BILLS...AGAIN!

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Published 2024-07-18
JP Morgan, Chase and Wells Fargo banks recently reported their second quarter losses at 3 1/2 billion dollars and that is just for two banks all due to bad debt and delinquent loans that they do not expect to receive back. This number has jumped $1 billion a year over year. Clearly this economy is not working for everyone otherwise people would be paying their bills.

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Articles Mentioned in the Video
dailyhodl.com/2024/07/12/jpmorgan-chase-and-wells-…
moneywise.com/news/seniors-left-scrambling-for-cas…
www.floridarealtors.org/news-media/news-articles/2…
apple.news/AmKcSNRUOQ3S7y5VpzrpoNg

#realestate #housingmarket #homeprices #housingmarketcrash

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All Comments (21)
  • I’m not about to play with Chase bank. Their employees have a history of stealing money from customers and doing other illegal things. My child’s godmother had $7k missing from her account. It took nearly a decade to get her money back. She promptly closed her account and someone was using her debit card in another state to top it off. They were also bailed out of the mortgage crash of 2008. No sympathy for none of these greedy banks!
  • The amount of scams involving anything with money or credit is coming out of the woodwork!😡 it is a complete paradox. People in need are getting desperate...and the scammers are getting desperate.
  • @FilmFactry
    No tears on the credit card companies getting a tax right off. They can more than cover it with their 29.9% interest rates.
  • @MCC876
    Facing eviction has got to be one of the worst things that can happen to someone. 🙏
  • @arpjr
    No one should pay anything to this debt trap anymore!!!
  • @timclark2925
    The US stock market capitalization is $54 trillion; the US GDP is $27 trillion. The last time US market cap twice US GDP? 1929. this will end very badly
  • @silverbear4312
    Of course, layoffs, cutting hours, unable to get a job, increase in everything, no way people can keep afloat.
  • @DrStrangeBrew
    Both of those banks are begging me to take loans right now
  • @Mike80528
    Find a local credit union and never look back. Avoid banks at all costs.
  • @alanzamora6504
    This is going nowhere good end _ losing jobs * houses * businesses * cars * anything left over for the citizens except paying taxes and insurance ❓
  • @bobcurran4236
    37 TRILLION ,GOVERNMENT OWES, how is that going to get paid?????
  • @cezz1105
    I saw this realtor who said she's been talking to homeowners who haven't paid on their mortgage since 2020. Think about that. When the time comes that these banks start to foreclose on these delinquent loans. It's going to be insane!
  • After everything that happened during covid under the forbearance, I just can't believe anyone would want to be a landlord....
  • @felixthecat2786
    A tip about customer service robot hotlines: Always dial 0 or say customer service representative. Keep saying that until they connect you to customer service. It doesn't always works, but it works a lot of the time. I don't have time for your silly prompts. I say this as someone who has worked in customer service for 10 years including call centers.
  • Bank of America defrauded me of my property lying in court in order to obtain judgment
  • There were over 48k evictions here in Oklahoma in 2023.. The week before Memorial Day weekend there were over 400 evictions on Judge's dockets with Judges spending less than 1 min per case JUST IN OKC. No data for June yet.
  • This society cannot keep up. They cannot pay back when they charge so much interest. Everyone is struggling. The credit card companies are not helping by not giving a lower interest so the people can pay something.
  • @free-qe6wx
    This is still very early stages and delinquencies, defaults, bankruptcies, foreclosures, repos, etc., are still very low. This is a nothing burger for now.
  • @user-os1mu7um4j
    I JUST SWITCHED TO A CREDIT UNION CREDIT CARD. IT HAS 14%APR