{"id":33770,"date":"2023-04-04T13:18:12","date_gmt":"2023-04-04T20:18:12","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=33770"},"modified":"2023-04-04T13:18:12","modified_gmt":"2023-04-04T20:18:12","slug":"the-beginning-and-the-end-a-summary-by-lynette-zang","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/the-beginning-and-the-end-a-summary-by-lynette-zang\/","title":{"rendered":"The Beginning and the End: A Summary by Lynette Zang"},"content":{"rendered":"<p>2017, the then Federal Reserve chief, Janet Yellen, expects no new financial crisis in our lifetimes. All of a sudden, where she said never going to see another financial crisis in our lifetime. I think things have improved, but then I think there are gigantic holes in the system, Yellen says. The former Fed chair cites leverage loans as an area of concern and says there remains an agenda of unfinished regulation.<\/p>\n<p><strong>CHAPTERS:<\/strong><\/p>\n<p>0:00 Janet Yellen<br \/>\n2:14 Loans to Insiders<br \/>\n2:56 Fed Borrowing Large Amounts<br \/>\n5:13 Banking History<br \/>\n6:41 How Did We Get Here<\/p>\n<p><strong>REFERENCE VIDEOS:<\/strong><\/p>\n<p><em>The 2023 Banking Crisis Fuse Has Been Lit<\/em><\/p>\n<p><iframe loading=\"lazy\" title=\"Lynette Zang: The 2023 Banking Crisis Fuse Has Been Lit\" width=\"625\" height=\"352\" src=\"https:\/\/www.youtube.com\/embed\/Dtc7Bp8e_I8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><em>Banks Keep the Profits &amp; Stick Tax Payers with the Losses<\/em><\/p>\n<p><iframe loading=\"lazy\" title=\"Lynette Zang: Banks Keep the Profits &amp; Stick Tax Payers with the Losses\" width=\"625\" height=\"352\" src=\"https:\/\/www.youtube.com\/embed\/iEtem0_LVf8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><em>The Wealth Transfer Set Up<\/em><\/p>\n<p><iframe loading=\"lazy\" title=\"Lynette Zang: The Wealth Transfer Set Up\" width=\"625\" height=\"352\" src=\"https:\/\/www.youtube.com\/embed\/pfqzylI6uX0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>SLIDES FROM VIDEO:<\/strong><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-12.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33723\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-12-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-12-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-12-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-12-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-12-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-12-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-12.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide10-5.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33732\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide10-5-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide10-5-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide10-5-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide10-5-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide10-5-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide10-5-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide10-5.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-11.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33702\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-11-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-11-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-11-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-11-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-11-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-11-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide1-11.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-10.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33724\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-10-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-10-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-10-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-10-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-10-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-10-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-10.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33772\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide1-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide1-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide1-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide1-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide1-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide1-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide1.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33773\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide2-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide2-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide2-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide2-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide2-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide2-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide2.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33774\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide3-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide3-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide3-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide3-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide3-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide3.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide4.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33775\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide4-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide4-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide4-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide4-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide4-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide4-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide4.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide4-9.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33705\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide4-9-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide4-9-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide4-9-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide4-9-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide4-9-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide4-9-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide4-9.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-9.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33703\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-9-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-9-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-9-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-9-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-9-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-9-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/03\/Slide2-9.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide5.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33776\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide5-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide5-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide5-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide5-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide5-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide5-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2023\/04\/Slide5.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><strong>SOURCES:<\/strong><\/p>\n<p><a href=\"https:\/\/www.aei.org\/op-eds\/fed-borrows-184-billion-without-congressional-authorization-circumventing-the-debt-ceiling\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.aei.org\/op-eds\/fed-borrows-184-billion-without-congressional-authorization-circumventing-the-debt-ceiling\/<\/a><\/p>\n<p><a href=\"https:\/\/www.ft.com\/content\/05673218-c35e-11e9-a8e9-296ca66511c9\" target=\"_blank\" rel=\"noopener\">https:\/\/www.ft.com\/content\/05673218-c35e-11e9-a8e9-296ca66511c9<\/a><\/p>\n<p><a href=\"https:\/\/www.ft.com\/content\/d567f6ca-1c3a-11ea-97df-cc63de1d73f4\" target=\"_blank\" rel=\"noopener\">https:\/\/www.ft.com\/content\/d567f6ca-1c3a-11ea-97df-cc63de1d73f4<\/a><\/p>\n<p><a href=\"https:\/\/www.sec.gov\/news\/public-statement\/lee-volcker-rule-2020-01-30\" target=\"_blank\" rel=\"noopener\">https:\/\/www.sec.gov\/news\/public-statement\/lee-volcker-rule-2020-01-30<\/a><\/p>\n<p><a href=\"https:\/\/www.washingtonpost.com\/business\/2020\/01\/30\/volcker-rule-fed\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.washingtonpost.com\/business\/2020\/01\/30\/volcker-rule-fed\/<\/a><\/p>\n<p><a href=\"https:\/\/www.occ.gov\/publications-and-resources\/publications\/quarterly-report-on-bank-trading-and-derivatives-activities\/files\/pub-derivatives-quarterly-qtr3-2022.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.occ.gov\/publications-and-resources\/publications\/quarterly-report-on-bank-trading-and-derivatives-activities\/files\/pub-derivatives-quarterly-qtr3-2022.pdf<\/a><\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-21\/us-studies-ways-to-guarantee-all-bank-deposits-if-crisis-expands?srnd=fixed-income&amp;sref=rWFqAg1Y\" target=\"_blank\" rel=\"noopener\">US Studies Raising FDIC Bank Deposit Guarantee Beyond $250,000 Cap in Crisis &#8211; Bloomberg<\/a><\/p>\n<p><a href=\"https:\/\/www.washingtonpost.com\/business\/2020\/01\/30\/volcker-rule-fed\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.washingtonpost.com\/business\/2020\/01\/30\/volcker-rule-fed\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2017, the then Federal Reserve chief, Janet Yellen, expects no new financial crisis in our lifetimes. All of a sudden, where [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":33771,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1709],"tags":[],"class_list":["post-33770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-101-series"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/33770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=33770"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/33770\/revisions"}],"predecessor-version":[{"id":33780,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/33770\/revisions\/33780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/33771"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=33770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=33770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=33770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}