And so it begins

[rbstern]

Single largest bank failure since 2008.

Regulators close Silicon Valley Bank in largest failure since financial crisis

Silicon Valley Bank has been closed by the FDIC after the bank failed to raise fresh capital and stem deposit outflows that sent the institution into crisis this week.

finance.yahoo.com

 

[rtross]

One of many to come
And look out stock markets!!!

 

[joeabarno]

Gonna see a lot more of this in the future including bail ins. Ever since congress changed the laws the banks now own our money. We are now investors in the bank and if they start running out of cash they now can use our money.

 

[BDR1]

Gonna see a lot more of this in the future including bail ins. Ever since congress changed the laws the banks now own our money. We are now investors in the bank and if they start running out of cash they now can use our money.

This is exactly one of the reason I tell my wife to not put money in the bank.. GET YOUR CASH OUT

 

[GeauxLSU]

Honestly surprised they didn't fold sooner. Industry heavy banks, are asking for it. Of course that is what regulation is supposed to help prevent. Not sure they are a leading indicator but we'll see. Hope not.

 

[BillsCamino]

Obama '09 part II

 

[TheGman]

Risky behavior is ill rewarded by rising rates

The money helicopter is grounded for the moment , Fed took the punch bowl awaw

 

[rbstern]

Dominoe #2 goes down...

Signature Bank shut down in connection with Silicon Valley Bank collapse

Federal regulators said Sunday Signature Bank has been shuttered, marking the second massive bank failure after the collapse of Silicon Valley Bank last week.

www.foxbusiness.com

 

[Hayata]

Buckle up.

 

[rugerguy]

it's better to be a poor !