5 Bank Failures in roughly a week:
1st: Silvergate Bank
2nd: SVB
3rd: Signature Bank
4th: First Republic Bank
5th: Credit Suisse
“There’s clearly a larger phenomenon going on here.” -
@DavidSacks
credit suisse monday and the next is...
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Leading proponent for the “let it burn” camp finally admits what we were dealing with: 200-500 bank failures and that’s just for starters because nobody knows how to stop a bank run when it gets that big. God help us if these angry psychos ever get the wheel. twitter.com/alderlaneeggs/…
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