Silicon Valley Bank collapsed Friday, becoming the largest bank to fail since the 2008 financial crisis. SVB was a lender to some of the biggest names in the technology world. It's been explained SVB collapsed because when the interest rates rise, bond prices fall, so the jump in rates eroded the value of SVB's bond portfolio.
The fallout from the SVB collapse resulted in a $620 billion hole in the banking sector that has the potential to disrupt the entire financial system.
Top SVB executives, Greg Becker, Jeffrey Leerink and Michelle Draper and the Silicon Valley Bank Political Action Committee have an interesting political giving history. See the 2022 donations for the executives and the PAC below.
MichaelVi - stock.adobe.com
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Same Old Poop ...... Different Day ..... https://duckduckgo.com/?q=trillions+looted+trillions+laundered+Judson+Witham