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Silicon Valley Bank: What happened Here's what SVB's failure could mean. (www.fidelity.com)

posted 1 year ago by ChiefWoody2021 1 year ago by ChiefWoody2021 +23 / -0

Silicon Valley Bank: What happened? | Fidelity Investments

The collapse of Silicon Valley Bank has many wondering whether the broader economy is at risk.

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– Michalusmichalus 3 points 1 year ago +3 / -0

Of course a representative f I'm another bank thinks this is an isolated insedent.

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– Sadness 2 points 1 year ago +2 / -0

Famous last words:

The good news is that this seems to be an isolated incident, or at least a problem that may be limited to some smaller banks," Timmer adds. "In my view, this does not appear to be a situation that could become systemic, like the sub-prime mortgage collapse did in 2007."

LOLOL. Already other banks are being sucked into the vortex: https://greatawakening.win/p/16aTVEIcC1/further-to-the-developing-crash-/c/

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