Bank failures Archives - New Cold War: Know Better

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By New Cold War

In Bank failures, Inflation, USA

Posted March 14, 2023

Silicon Valley Bank Masqueraded as a Federally Insured Bank

Venture capitalists gambled on having uninsured deposits treated as if they were FDIC insured. Thus, the SVB was an IPO machine for enriching investment banks and capitalists while taxpayers foot [...]