KEY change foreshadowed Silicon Valley Bank collapse

Silicon Valley Bank had to raise additional cash by selling securities at a $1.8 billion loss. That touched off panic among SVB clients, who staged one of the biggest bank runs in U.S. history. Depositors tried to withdraw $42 billion in a single day. The next morning, the bank collapsed and federal regulators took control. #shorts #svb #siliconvalleybank

[Jimbo]

Fun fact. Companies hire auditors to audit their company. Guess what they outline the auditors to look at and not review and who approves the final report.

[nolanholmberg]

I’m sorry for y’all that work at the Washington post TikTok and shorts department because you’re really talented and that talent shouldn’t be wasted on Jeff bozo’s personal propaganda machine :/

[friendlyJeff]

Way to side set that its government overspending and inflation that did this.