United States: The new banking crisis

United States: The new banking crisis

As discussed by Marxist economist Sam Williams on his Critique of Crisis Theory blog, early in March, Silicon Valley Bank (SVB) in California, the “favorite bank of the area’s tech companies and associated venture capitalists”, announced it was selling its government bonds to raise cash. Fearful that their deposits were in danger, there was a run on the bank, forcing the Federal Deposit Insurance Corporation (FDIC) to shut the bank down.

Is there a new banking crisis?

Americká Silicon Valley Bank skrachovala aj preto, že sa informácie o jej stratových predajoch štátnych dlhopisov rýchlo dostali na sociálne siete. Nasledovala panika medzi klientmi a snaha presunúť z banky všetky úspory. Takýto nápor nevie zvládnuť žiadna banka na svete, pretože vklady – logicky – nedrží kompletne v trezore, ale priebežne ich investuje. Tento článok je určený iba pre predplatiteľov.Zostáva vám 74% na dočítanie.