The Banking Crisis Is Enveloping the World Once Again

The Silicon Valley bank in America as collapse has been various attempts to shore up other struggling banks on both sides the Atlantic credit swees are borrowing 54 billion to keep their financial dinghy afloat first republican America has been given 30 billion dollars that's for a bank i've never heard of. Americans cannot be convinced to regulate their industry they have a very peculiar idea about how everything works and it doesn't involve anyone being held back from ravening capitalism. The particular way this bank collapsed is very telling about the weird sort of feudal system in silicon valley the richest people heard about the possibility of a collapse first they got their money out and then they told the people below them who then did exactly the same thing