re: Main Street is bailing out risky banks again; this time it's Menlo Park instead of Wall St

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.