These investor service has downgraded the entire US banking system to a negative outlook

from stable, citing a rapidly deteriorating, operating environment.

It added that banks with unrealized losses are under particular pressure.

It was running us now with the latest, as Yahoo Finance is Julie Hyman, Pieduli.

I mean, I guess on that last point, something I don't know.

We've all come to realize of the last few days unrealized losses, uncertain bank balance sheets,

once they are forced to realize those losses become a problem.

So, just to talk about what exactly is happening here,

Moody is coming out with this note late last night,

but it was only just released publicly in the last hour or so.

The headline on this note, outlook change to negative,

on rapidly deteriorating, operating environment.

And the Moody's analyst behind this saying that they made this call on the US banking system

that there are concerns here, even despite the actions that the federal government took over the weekend

to try to short up the banking system.

Well, ladies and gentlemen, welcome aboard today's edition of Human Events Daily powered by Turning Point USA.

We're very excited to have a special guest on with us to go through all of the insanity

that we're seeing from the US, the banking system, the stock market being hit, Moody's now degrading the entire US banking system to negative.

Not just SVB, not just a couple institutions, the entire system citing, and I quote,

rapidly deteriorating, operating environment.

And our guest tonight, very excited to have him on.

He's someone that I've, I followed for several years on economic issues and a lot longer than that on a slightly different issue said,

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