Former Banker Warns Nation’s Largest Banks are at Risk

Published: Oct. 22, 2018, 10:45 p.m.

Former Banker Warns Nation’s Largest Banks are at Risk Guest Opportunity: John Truman Wolfe --- Former Banker, Global financial Expert and Financial Consultant to some of the biggest names in Hollywood. Wolfe is also a Best Selling Author of “The Coming Financial Crisis” & the newest book “The 99 Strongest Banks in America and Why it Matters” looks to follow! The economy is booming, the stock market is in the stratosphere and the banking industry is reportedly healthy and vibrant…Not so for the banking industry says former banker and money manager to the stars, John Truman Wolfe. The major money center banks – Citibank, J.P. Morgan Chase, Bank of America, Goldman Sachs and Wells Fargo, collectively hold approximately $157 trillion in derivaties – securities Warren Buffet calls “Financial weapons of mass destruction.” Banking, he says, has devolved into a colossal Vegas-like casino and bankers have become the ultimate “whale” gamblers. The global banking system today has an estimated $1.2 quadrillion dollars in derivatives and banks are using depositor’s money gamble in this smoke and mirrors financial casino. Wolfe says the derivatives bubble is going to pop, it is only a question on when. The former banker explains what is behind the derivatives insanity and offers solutions for the “everyday depositor” to help him or her avoid the fallout of a massive banking crisis. Meet John Truman Wolfe Wolfe has a Master’s degree with honors and draws on experience as a senior credit officer of banks in the San Francisco Bay Area and Beverly Hills. He is also the co-founder of a Los Angeles based business management company, where he oversaw the business and financial matters of some of the biggest names in Hollywood. He is the Best Selling Author of The Coming Financial Crisis and What You Can Do About It. His other books include America the Litigious, Mind Games, The Gift , Ransom and has just released his latest shocking financial expose, “The 99 Strongest Banks in America and Why It Matters. For more information - www.lulu.com/the-99-strongest-banks-in-america/paperback