Listen to the whole Timspace podcast HERE
The US banking system is on the cusp of being concentrated in a handful of politically connected “too big to fail” banks. One wonders if that’s the point.
🚩 David Friedberg & David Sacks on the Gravity of the SVB Collapse
“This is basically a Lehman-sized event for Silicon Valley…Unless the Fed steps in here over the weekend, we’re going to see potentially a run on the regional banking system — a cascade like we saw in 2008.”… https://t.co/gaEs1o7Nrz
Another Bailout? No!