Doron
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I feel so bad that the Federal Reserve caused a bank failure. Will this cause panic and other bank runs? Watch closely on Monday.
06:32 PM - Mar 12, 2023
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MEAction NOW
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In response to Doron.
What! The federal reserve didn't cause the bank failure!!
They didn't diversify.
They lobbied and got relaxed regulations under Trump
They gave a very low % of returns on deposits
They mismanaged the assets
Other banks haven't failed - this was SABOTAGE.
06:34 PM - Mar 12, 2023
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Doron
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In response to MEAction NOW.
Fair eno ugh that SVB didn't diversify but the raising of interests rate made them have to give loans they agreed to at a loss. Those losses causes fear and the thus they were hit by a bank run.
06:43 PM - Mar 12, 2023
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