Regulators have long warned that the end of rock-bottom interest rates could cause sudden crises in unexpected corners of global finance. So when Silicon Valley Bank (SVB) failed in the face of a funding crunch, investors wondered if its plight was a harbinger of broader trouble. Major banks are much better capitalized than they were before the global financial crisis, and SVB’s deposit base was unusually concentrated in venture-backed startups. But the selloff in bank shares that followed SVB’s
Dammit. The commies were right again.
How does it just keep happening!
Must be some black magic, how they can just know those things about capital!