Hello fellow Rebel capitals, hope you're well.

So we've got some brand new information that you need to know.

Well, assuming that you have a bank account, especially if you're one of,

with one of these regional banks, there's another risk, another systemic risk that nobody is talking

about. Well, a couple people got to give them credit where credit is due. So let's dive into this new risk, see if we can connect some

dots and determine the probabilities of this creating a bigger problem into the

near future. So let's go right over to one of my favorite podcasts and this is from a guy named Jack Farley.

Let's see where we here, there it is.

And his podcast is called Forward Guidance.

I cannot suggest it enough.

This was a recent episode with a banking expert by name of Chris Whelan.

So I want you to listen to this clip

and let's try to think through

what, the ramifications of what they're talking about. This is really interesting for lenders. There are a lot of

mortgage lenders that will not do business in New York. If they... So just to preface right there, they were talking about the difference between California

and New York and Jack was kind of making a joke saying, well, you know, at least you're not in California,

at least you're not doing business in

California and he said well actually I'd rather do business in California than

New York he wasn't saying that California is good but he's saying that New York is a

lot better and Jack saying well why and he says because in California at

least you can foreclose on people that aren't paying their bills that aren't

paying their mortgage and I guess in New York that's very very difficult to do and then they go into this

...