fargo, bank of america, jm morgan, morgan stanley lost $50 billion in market value in one day. that s a hit. on the other hand, those banks still exist. you can t say that for silicon valley bank. svb has gone under completely. that makes the second biggest bank failure in the history of this country. and the significant svb financed nearly half of all venture-backed healthcare companies in the united states. it held significant cash reserves for some of the biggest crip toe currencies. it s gone. federal regulators have rename it and taken it over. that means a lot of people lost a lotf of money. most of that money was not insured, no matter what they tell you. the fdic only guarantees bank deposits up to $250,000. nearly 90% of all deposits at svb exceeded that. and it s unclear if those people see their money again. in fact, when customers show up in svb s branch in manhattan to get the deposits back, managers called the police. so, what we have there is the 1929-style b
While Colorado’s governmental core functions are going unattended, as witnessed by crime, traffic and crumbling roads, the legislature is busying itself with the most critical work of all — coming
Colorado s left-captured legislature at its best with bizarre bills | CALDARA (copy) gazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gazette.com Daily Mail and Mail on Sunday newspapers.
of the national economic council is also fixated on, another genius. when he was at the fed in 2021, she wasn t too concerned about future bank collapses due to the insane and reckless fed policy. she was overseeing. no, why worry about that? because there s climate change. that s what she was worried about. as part of the prudential and financial responsibilities, we re developing scenario analysis to model the possible financial risks associated with the climate change and assess the resilience of individual financial institutions in the financial system to those risks. pause anyone who writes that way is an mo-ron. moe-ron. if you find someone in position of authority, particularly in economics, who cannot right a declarative sentence, be prepared for the banks to fail. esg and equity are only part of the problem.