lost its dollar peg and slumped to an all-time low on Saturday. It later recovered most of its losses after Circle, the firm behind it, assured investors it would honour the peg despite exposure to Silicon Valley Bank.Janet Yellen on Sunday
the damage on the country's tech sector. Prime Minister Rishi Sunak said the British government was working to find a solution to limit the potential hit to companies resulting from the failure of SVB's UK subsidiary. The Chinese joint venture of SVB said on Saturday it has a sound corporate structure and an independently operated balance sheet.
IndyMac uninsured depositors did not get all their money. Your article falsely claims that they did.
If you are looking fpr a distraction from this mess... Try this short story in rhymes....
Who would have thought all those yrs of low and zero interest rates would have come back to bite the banks who survive on lending money. Low from 08 to 21 with near zero interest rates in 18-20 than bring on the pandemic.
You’re late….again..
The problem is the Federal Reserve!!!
someone pull our incompetent leaders out of the talks and just fucking let it fall
There will be a run on the banks Monday morning, like nothing ever seen.
Bitcoin fixes this.
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