Silicon Valley Bank's Collapse Explained
When Silicon Valley Bank (SVB) went into a free fall, it caught almost everyone off guard. So what went wrong and how did it all go up in flames so fast? In this episode of America Uncovered, we discuss what led to a run on the bank, the bank's unique position in the venture capital world, how the government stepped in, and what that could mean for American citizens.
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All three banks that collapsed last week catered to the crypto industry - SVB in Santa Clara, Calif; Signature Bank in New York City; and Silvergate Bank in La Jolla, California. Let's what was happening to those crypto exchanges last year? Not to say the US banking system would be solid without the crypto industry. I've sent all my Bitcoin to Volodymyr Zelenskyy of Ukraine.
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In Joe Biden’s country, the rich succeed in the poor obey .
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This seems on purpose.
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