The Rise and Fall of New York Community Bank

Max Abelson, Bloomberg News Finance Reporter, discusses his latest Big Take story on NYCB, how they grew despite real estate warnings in years past, what this means for regional banks and real estate going forward. He spoke with Paul Sweeney and Bailey Lipschultz on Bloomberg Radio.

[@gemmabites]

The difference between NYCB and the other banks.... is that the other banks were in trouble due to buying too many treasuries that dropped in value when interest rates rose. NYCB is in trouble because the actual loans are going bad.

[@Smart_Investing]

Everything said in this video is SPOT ON! 👍

[@mkmmkm3823]

as a regular person, working a fulltime job, where my paycheck is directly deposited to NYCB, should I look for a different bank to have my paychecks deposited ??

[@riskyandriotobriyanto2085]

How about greed at all cost?

[@brooklynknite]

What is going on?

[@mikeseigle5560]

Only a matter of time to crash.

[@Tercel_Champion]

Well....