The Real Causes of the Silicon Valley Bank Failure
It wasn't because the bank was "woke," and Biden stayed calm.
Issue #285 Government March 23, 2023
On March 10, 2023, Silicon Valley Bank (SVB), founded in 1983, failed after a bank run. It was taken over by federal regulators, marking the second-largest bank failure in United States history and the largest failure of a US bank since Washington Mutual in 2008.
On that Friday morning, trading in SVB shares was halted…
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