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re: Main Street is bailing out risky banks again; this time it's Menlo Park instead of Wall St
Posted on 3/13/23 at 9:00 am to Roll Tide Ravens
Posted on 3/13/23 at 9:00 am to Roll Tide Ravens
quote:
You can tell a lot of people are worried. If you just go to Google and type “Are banks” you see predicted results like: “Are banks collapsing?” or “Are other banks going to collapse?”.
It’s social media stupidity. If the banking system in America collapses the whole world is fricked.
1
Posted on 3/13/23 at 9:10 am to BigPerm30
quote:
It’s social media stupidity. If the banking system in America collapses the whole world is fricked.
Yeah, I just hope people don’t freak because of what they read in social media and run on the banks. SVB and Signature have a lot of high risk investments and are heavily tied to crypto and whatnot. I mean, SVB marketed itself as a bank for startups. This is something to watch carefully, but people shouldn’t be freaking out that the big guys or the old banks are going to collapse.
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