Silicon Valley Financial institution’s collapse is sort of fully self-imposed, however they’re getting an almost-bailout anyway. President Biden has mentioned the taxpayers will bear the brunt of guaranteeing all SVB deposits. The Federal Deposit Insurance coverage Corp. (FDIC) already insures deposits as much as $250,000, a pittance in comparison with the collapse of this billion-dollar financial institution.

Many within the monetary punditry class imagine the transfer is important to forestall a series response that might take down different massive funding…


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