the day prior that it had sold $21 billion in assets and was selling more of its own stock to raise money. Tech investors and founders on Twitter said the move was unexpected, and some encouraged start-ups who had money deposited with the bank to withdraw it.
Treasury Secretary Janet L. Yellen said at a hearing Friday that she is monitoring developments at a few banks, including Silicon Valley Bank.Advertisement “Our advice to founders: Call every debt line, close all primary rounds, do it now, and be willing to make concessions,” Sethi said. “The restructuring will be significant.”
Soon all banks collapse from federal bank and dominos effect followers, run bank
well it is in the socialist state of California
This will ripple. But they will push jobs as a distraction and while income is declining. We need change before the bleeding is out of control
Lol
We are going to war
Moral of this story: never trust jimcramer
It’s starting Biden’s fall of America….