SVB GOES BOOM HERE & OVERSEAS...YIKES!!!
1 year ago
4
Silicon Valley Bank--the 15th largest bank in the USA, located in Kalifornistan. Earlier this week imploded losing BILLIONS in assets, $42b withdrawn...Venture capitalists this week began advising their portfolio companies to “diversify” away from SVB, according to multiple reports. So, what we are seeing looks a lot like a classic bank run. No fractional reserve bank can withstand a bank run. Is it the same overseas in the UK & EU??? #siliconvalleybank https://linktr.ee/jazbrogonzo
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