Replying to Avatar JeffG

Damn – Silvergate, SVB, who's next... Sounds like we're coming into the traditional financial system contagion portion of this hiking cycle.

It's one thing when shady crypto exchanges go down. It's entirely another when charted US banks with good reputations start to implode. You can almost hear J Powell puckering from here.

Get ready for some fireworks. 🔥
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hunter wells 2y ago

bill ackman and co already calling for an SVB bailout smh

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JeffG 2y ago

I read that JP Morgan has coveted SVB for years. My guess is they’ll get their hands on it one way or another. Probably with some help from taxpayer’s dollars. 🙄