a banker to these immense pools of capital has always beenapitas a very good business as these nearly 40% rally this year0% ray is barely a drop in the bucket. there s been this great ifou that guy ever endorses anything canary islands, change your name. you re doing, moved to thee canary islands, changed your name because disney is coming. but just like after all the geniuses told you to buy sbb, even when it was on the brink of total collapse . what explains that? surely something does. we don tb. reall y know at s point. hopefully we will someday. what w e can say tonight is that s.v. be like the scammer s at sc amfdx had quite the public relations department. we re not some greedy we sol finance outfit that exists solely to generate cash for overpaid sleazeballs. you run it.s. no, that s not us . we may be a bank.e. we ve got the soul of an ngo. we care. we re saving the world. and to prove it, there s
ba banks in this country, wellsnkco fargo, bank of americauntry,, jp morgan, morgan stanley, collectively lost more tha nne fifty billion in market value in one day. that s quite a hiat s a ht. on the other hand , those bankss still exist. and you can t see that for bank.n valley as of this morning, silicon valley bank or svp, has gone under completely.es the that makes the second biggest bank failure in the history ofef this country and the significant sub finance, nearly half of all venture backed health care and technology companies in the unite healthcai states .ant cash it also apparently held significant cash reserves, just one of the biggestrves for cryptocurrencies, and it s now gone. federal regulators have renamed it and taken it over.ov and that means an awfu l lotf m more people lost an awful lot of money and most of that money was not insured. nhat theyno matter what they t, the fdic only guarantees bank fdicdeposits up to two hundred and fifty thousand. an