Eric Swalwell: We need to bail out Silicon Valley Bank! - The Great Awakening

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Eric Swalwell: We need to bail out Silicon Valley Bank! (mobile.twitter.com) Karma Is a BITCH!

posted 1 year ago by lsdQ 1 year ago by lsdQ +231 / -0

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– merf 1 point 1 year ago +1 / -0

SVB is in receivership, but we don't yet know how unbalanced the books are and that will be the real story.

It's trivial for a powerful group to run out a banks cash, but it doesn't necessarily mean they're banking improperly (in the debt-based money sense of proper).

In theory they should be able to sell all illiquid assets and zero out, so why is Swalwell already talking bailout? Why wasn't a sale of the bank arranged?

What dirt hasn't been released?

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