Forwarded from Blair Cottrell
To provide some context:
SVB was the 16th largest bank in America with $165 billion in international assets. All of that is gone now, up for grabs to the highest bidder. The bank collapsed.
This is the 3rd largest bank crash in US history, it’ll have a significant impact on inflation and news emerging about the bank suggests it was plagued with diversity hiring and gay/lesbian agendas. Perhaps a major warning to all western businesses.
SVB was the 16th largest bank in America with $165 billion in international assets. All of that is gone now, up for grabs to the highest bidder. The bank collapsed.
This is the 3rd largest bank crash in US history, it’ll have a significant impact on inflation and news emerging about the bank suggests it was plagued with diversity hiring and gay/lesbian agendas. Perhaps a major warning to all western businesses.