Published 1 year ago

United States: The new banking crisis

Summary by Ground News

As discussed by Williams writes, there was a danger, and the problems leading to it were in danger. This would trigger a day-to-day people to ask if they could go back to the snowy valley where they were before.

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hnonline.sk

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.

1 year ago

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Green Left Weekly

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.

1 year ago

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