Ed Dowd: “We’re in a crisis, and the crisis is now starting to manifest in bank failures.”

Former Blackrock Manager Ed Dowd joins Steve Bannon’s War Room to discuss the economic crisis and it’s impact on the banking system.

"We’re in a crisis, and the crisis is now starting to manifest itself in bank failures and a hard hard landing in the economy… We are going to see a recession as bad as the one we saw with the SNL crisis. Currently with our economic cycle indicators it’s going to bottom probably 3rd or 4th quarter.”