Commentary
One of the surprising things I repeatedly observed as a CEO of a public company investing in financial services in Africa was that banks there—and in many emerging markets—don’t actually lend, at least not to businesses or people.
Viewpoints
Opinion
US Banks Adopt the African Model
Rather than provide much-needed loans to fund working capital, the banks primarily invest in the sovereign debt of their country’s government.
The Treasury Department in Washington on March 25, 2024. Madalina Vasiliu/The Epoch Times
Michael Wilkerson
Author
Michael Wilkerson is a strategic adviser, investor, and author. He's the founder of Stormwall Advisors and Stormwall.com. His latest book is “Why America Matters: The Case for a New Exceptionalism” (2022).
