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a startup. it s really to run the company and to pay the employees and to build a business, right. that s what the that s what the funds are for. we still owe a lot of money to people we have hired and i m here for them, actually, not for myself right now. so i know the money is there we do have that assurance. but its access is more important right now, which we don t have right now. the losers are the management. the senior officers shareholders. terry connelly is former dean of the golden gate university business school and a former investment banker. the question is, is this the only bank in similar trouble? the federal authorities have promised to back them up fully in the affected banks. and we don t quite know the roster of the effected banks. yet this bank failure raises two important questions one should the federal limits on deposits be raised, or should there be no limit at all? we certainly can do that. but the cost of doing that is going to make that insurance mu
Some may be wondering whether the economy is about to have some sort of epic reversal given several factors, from inflation to supply chain issues to food prices, just to name a few.