the waves. sbb posted this on its social media feeds, quote, as part of women s history,fa month, we reg celebrating founders of women women-led companies like wealth s. beatrice acevedo, a company that svp described lovingly as , quote, focused on closing the lettings wealth gap. it s the problemwealth g with lettings. there s a wealth gap. and e was a video, too. of course there was.so n so now thaowt cfib has blown up lo and lost billions of other people s money in the process, we thought we would show people be the video because, oh, we can t enjoy. enjo my name is dan rather and i amoe the ceo and co-founder of simola. i was born in tijuana, mexico. i i am a very proud border girlw p who had the privilege to grow up with the best of both worlds.h the best of both worlds. i went i went to school in san diego. i went to ucsd. my i have a lot of a lot of scars from my days going across the border. i remember i got this memo
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