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Weekly Market Recap: Bank Scare To Tank Markets & Trigger Recession?

Wealthion - Be Financially Resilient

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Silicon Valley Bank and First Republic Bank Got Bailed Out

The only reason Silicon Valley Bank got bailed out and first Republic, by the way, so we need to cover that real quick. First Republic Bank got a flossy bailout. 11 major banks got together and deposited $30 billion uninsured into first Republic Bank. If it's Silicon Valley Bank had been a $2 billion bank, nobody would gotten bailed out.

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