Silicon Valley Bank was just shut down by regulators in California.
Sources claim that depositors were engaged in a classic run on the bank—I wonder what customers and clients of Silicon Valley Bank knew?
According to Watcher Guru, this closure makes SVB the 2nd largest banking failure in U.S. history:
One month ago, Jim Cramer urged investors to buy Silicon Valley Bank stock $SIVB.
Today, the bank was closed by California regulators, making it the 2nd largest banking failure in US history. pic.twitter.com/5jgjqTGxld
— Watcher.Guru (@WatcherGuru) March 10, 2023
Will this be the moment that precipitates an economic collapse like the one in 2008 when Lehman Bros and Bear-Stearns collapsed?
Is this the first crack in an already incredibly strained financial system? Here are pundits in the mainstream financial media discussing the latest bank…
