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Silicon Valley Bank (SVB) Fails, Now the Idiots Are Considering a Taxpayer Bailout
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Posted On: March 11, 2023
SVB is Silicon Valley Bank, the almost exclusive banking network for Venture Capitalists (VC), tech sector start-ups and tech industry holding accounts. 48 hours ago, SVB was a “grade A” Moodys rating. As of tonight, they are insolvent. “All told, customers withdrew a staggering $42 billion of deposits by the end of Thursday, according to […]
The post Silicon Valley Bank (SVB) Fails, Now the Idiots Are Considering a Taxpayer Bailout appeared first on The Last Refuge.
Re Posted From: Silicon Valley Bank (SVB) Fails, Now the Idiots Are Considering a Taxpayer Bailout
[BACK]
[BACK]Posted On: March 11, 2023
SVB is Silicon Valley Bank, the almost exclusive banking network for Venture Capitalists (VC), tech sector start-ups and tech industry holding accounts. 48 hours ago, SVB was a “grade A” Moodys rating. As of tonight, they are insolvent. “All told, customers withdrew a staggering $42 billion of deposits by the end of Thursday, according to […]
The post Silicon Valley Bank (SVB) Fails, Now the Idiots Are Considering a Taxpayer Bailout appeared first on The Last Refuge.
Re Posted From: Silicon Valley Bank (SVB) Fails, Now the Idiots Are Considering a Taxpayer Bailout