"So they hiked themselves right into a banking crisis while peddling a soft landing narrative forcing them to intervene before they even got to a pause.
Once again the Fed has shown itself to be utterly oblivious to the risks right under its nose.
The incompetence is stunning."
It is juss starting to implode...
Much more popcorn and coffee needed. 👍
(1) Senator Mark Warner (D) benefited from a fundraiser at the Silicon Valley Bank President's Home directly before voting to deregulate them.
https://www.levernews.com/svb-chief-pressed-lawmakers-to-weaken-bank-risk-regs/
(2) SVB Failure has international implications as at least 200 UK Businesses will be unable to pay their workers. UK Government intervention likely.
(3) SVB provided financing to Chinese Businesses attached to CCP and partnered with CCP Banks.
(4) Feds pretending that other banks have no exposure, but even NPR knows that's a lie.
https://twitter.com/KimDotcom/status/1635098357235597313
