On Friday, Silicon Valley Bank, a lender to some of the biggest names in the technology world, became the largest bank to fail since the 2008 financial crisis. By Sunday night, regulators had abruptly shut down Signature Bank to prevent a crisis in the broader banking system. The banks’ swift closures have sent shock waves through the tech industry, Wall Street and Washington.
Shutting down the back leading to crisis sounds like a crisis in itself ironically if people are going to lose everything over it. At the same time, I still want people to keep adjusting for inflation and holding our leaders accountable.
When are banks not having a crisis these days. It just seems like yesterday when we were bailing out the banks with 70 million dollars.....or whatever it was.
