US Banking Turmoil: Economist Warns Real Storm Yet to Come.

Economist Peter St Onge warns that the current banking crisis in the US is already larger than the 2008 financial crisis, with more collapses to come despite the Federal Reserve's assurances. He predicts that hundreds of banks will go under in the next 12 months due to the aggressive interest rate hikes over the past year. The collapse of First Republic and others is likely just the beginning, with the real storm not hitting for another year.