Book your ticket to happiness with Sun Express Airlines. The small local banks are about to fail.

Those aren't my words.

Those are the words of Fed Chief Jerome Pal and we're getting our clearest

indications yet that the banking sector is in real trouble

and of course it's all tied to those commercial real estate loans and really some revelatory

comments from the Fed Chief which we'll get to here in a second. But first

welcome into the show. Today is our Q&A episode where you're able to go to our

website leave us a voicemail question and then we attempt to answer it here on the

show. Just go to Morris Invest.com. There's a microphone icon

on the right side of your screen and you can leave us a voicemail question. Also if you're

interested in investing in real estate you can just book a call with our team right there on the page.

So let's talk about what the Fed had to say, what Jerome Powell had to say in front of the

Senate Banking Committee last week.

Now this is about a few weeks after Treasury Secretary Janet Yellen also gave a warning about banks

and of course the mortgages that are going to be coming due and being able to refinance or not because your buildings

are empty.

So a lot of these commercial real estate owners right now are just walking away from these

buildings.

So what Fed Chief Jerome Powell said this week was really

eye opening. He specifically talked about they've been reaching out to a lot of the

local banks who have a lot of these commercial loans on their balance sheets.

And what they've been studying, of course,

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