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Private Opulence and Public Squalor in the US

Scheer Intelligence

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The War for the Dollar and the Big Banks

"It's a war for the dollar and the big banks, the rest of us better hold on tight," says John Avlon. He argues that while Silicon Valley Bank was exceptionally vulnerable to interest rate rises, it is by far not the only bank in trouble. Avlon: The Federal Reserve's policy is the source of this problem. "I think what Elizabeth Warren and the others were, I think, focused on was the management of this particular bank."

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