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www.eliza-ng.me
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| | | | | The recent news of the demise of Silicon Valley Bank (SVB) has sparked debate over the role of government in protecting depositors and ensuring that banks do not become a burden on taxpayers. SVB's failure was caused by its heavy investment in long-term bonds, whose value dropped when interest rates rose. This left the bank unable to meet its obligations to depositors, who would have lost their money had the government not stepped in with emergency funds. | |
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www.struggle-la-lucha.org
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| | | | | As Marxist economist Sam Williams discusses on his "Critique of Crisis Theory"blog, in early March, Silicon Valley Bank (SVB) in California the favorite bank of the areas tech companies and associated venture capitalists announced it was selling its government bonds to raise cash. Fearful that their deposits were in danger, there was a | |
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www.bitsaboutmoney.com
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| | | | | We may be in the early stages of a banking crisis: why, what we're doing to avoid it, and what we may not get about it. | |
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abnormalreturns.com
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