In the financial crisis of 2007-09, a lot of my friends went under. A LOT. And i will say though, most of them went under because they were a little reckless in managing their money, their wealth, and/or their businesses [and the crash caught them by surprise].
With that said, I will say this:
After the crash, many good people (regulators) went in day in, day out and created very safety check “regulations” to make sure that it doesn’t happen the way it happened again. But…
THOSE GOOD REGULATORS leaving their post (their job) now, it’s not a good sign.
FRIENDS: I’ll say it again, make sure that you make/take GOOD financial decisions/actions in the coming days/months/year. And if you don’t know how to do it, FIND A WAY!