4min chapter

The American Mind cover image

Banking on Outrage

The American Mind

CHAPTER

The Second Largest Bank Failure in American History

The second largest bank failure in American history, apparently, of Silicon Valley Bank. It's a strange one because unlike during the mortgage crisis, this collapse involved the safest investments anyone could possibly make. And I think that there is a strong motivation at the Fed and in the halls of power to prevent this thing from spiraling due to the geopolitical environment.

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