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Silicon Valley Bank Crisis

Silicon Valley Bank Crisis | THE MEDIA ON THE SILICON VALLEY BANK CRISIS. ATTRIBUTE GODLIKE POWERS TO THE GOVERNMENT AND SAY IT WAS LACK OF REGULATIONS. REPORT ON THE PROBLEM OF FRACTIONAL RESERVE BANKING. | image tagged in elmo cocaine,federal reserve,bank,greed,collapse,invest | made w/ Imgflip meme maker
251 views • 2 upvotes • Made by DhMor1 2 years ago in politics
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"SVB had benefited from from more than a decade of “zero money” interest rates as billions poured into the bank via tech venture capital. Looking for some kind of a return, it put the money into long-term US treasury bonds. But when interest rates started sharply rising last year, and depositors demanded higher returns, the bank was forced to sell some of those bonds at a loss. When news of that hit social media, tech investors panicked, triggering a classic bank run. From there, it took 36 hours for the second-biggest bank failure in US history to materialize."

Edward Helmore
The Guardian

https://www.google.com/amp/s/amp.theguardian.com/business/2023/mar/17/why-silicon-valley-bank-collapsed-svb-fail
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THE MEDIA ON THE SILICON VALLEY BANK CRISIS. ATTRIBUTE GODLIKE POWERS TO THE GOVERNMENT AND SAY IT WAS LACK OF REGULATIONS. REPORT ON THE PROBLEM OF FRACTIONAL RESERVE BANKING.