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Systemic Threats, Supervisory Shortfalls
Moody's Talks - Inside Economics
Silicon Valley Bank and Signature Closed on a Friday Night
The failure of Silicon Valley Bank and Signature is all we are talking about this week. During the financial crisis, when we had the record high number of bank failures in 2009, they would be called Friday Blue Light Specials. The fact that they closed the bank in the middle of market date is really a sign that the thing was collapsing faster than House of Cards.
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