Banking Update: Yesterday, the Silicon Valley Bank in Northern California failed and was shuttered by the FDIC. It's the 2nd. largest bank failure in U.S. history. What, if any, are the implications?
Banking Update: Yesterday, the Silicon Valley Bank in Northern California failed and was shuttered by the FDIC. It's the 2nd. largest bank failure in U.S. history. What, if any, are the implications?
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You may be saying, "So what? I have no interest in banks in California." Wake-up! SVB's failure may be a bellwether (canary in the mine) for other coming issues. How safe is YOUR bank or credit union?
Imagine u$ gov has all fdic banks covered, with a vault secure, with monies needed, when and as needed. Print