The Silicon Valley Bank collapse has rocked the financial industry to the core.
Economic Collapse: Depositors Conduct RUN On Silicon Valley Bank—2008 All Over Again?
According to Watcher Guru, this closure makes SVB the 2nd largest banking failure in U.S. history.
The SVB sudden collapse has many financial experts worried that a 2008-style crisis is on the horizon.
That’s the scenario Marco Mavens CEO Stephanie Pomboy fears.
“What we are facing right now is really serious and we are on the brink of a 2008-style financial crisis and I’m not trying to be hyperbolic,” Pomboy told Tucker Carlson.
“In fact, you and I discussed this at length in our long-form interview several months ago. At the time, the Fed hadn’t even raised rates nearly as high as they have today and as I was saying look you don’t raise rates at record fashion on an economy toting record leverage at…