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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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– bigsix 1 point 1 year ago +1 / -0

This would be a nice dig. For starters:

Farley linked the Federal Reserve’s manipulation of the US dollar money supply to the collapse of the SVP

https://goodwordnews.com/silicon-valley-bank-collapse-goes-at-the-feet-of-jerome-powell-federal-reserve/

SVB spooked investors after disclosing this week that it had taken a $1.8 billion hit from a $21 billion fire sale of its bond holdings. The bank faced a cash crunch due to surging interest rates and a recent meltdown in the tech sector led many customers to pare their deposits.

https://nypost.com/2023/03/10/what-is-silicon-valley-bank-and-why-did-it-suddenly-collapse/

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