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Panic sets in as SBV bank collapses including Silvergate

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caustic

Panic sets in as SBV bank collapses including Silvergate

With recent banks like Silicon Valley Bank, also known as SBV bank collapsing just after Silvergate, many are panicking due to contagion. A few others had their stock halted on different exchanges. Does this legitimize crypto? How will the US government respond? All are posted on my site.

Control your banking to preserve your wealth

banking – QUANTLABS.NET

SBV

https://www.bqprime.com/global-economics/summers-warns-consequences-severe-if-svb-deposits-not-released

Larry Summers warns SVB collapse has ‘consequences’ | Fortune

https://www.bitcoininsider.org/article/208175/banks-halted-exchanges-silicon-valley-bank-now-closed-california-regulators
https://www.bqprime.com/bloomberg/us-discusses-fund-to-backstop-deposits-if-more-banks-fail
Ackman’s dire warning of a looming financial cataclysm, as Silicon Valley Bank sinks
https://www.bitcoininsider.org/article/208175/banks-halted-exchanges-silicon-valley-bank-now-closed-california-regulators
Big bank runs happening, it has begun from Bitcoin
https://www.reuters.com/markets/us-weighs-new-fund-backstop-deposits-if-more-banks-fail-bloomberg-news-says-2023-03-12/

Bail in
Melissa Ciummei on Twitter: “SBV is the second largest bank failure in US history..following a bond market catastrophe and a bank run…on a Friday as predicted so you are stuck. Can’t withdraw funds, apparently insured up to an amount but the FDIC have already indicated bail ins this time.” / Twitter

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