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Macro Jabber - Tim Sykes Discusses SVB Collapse, Contagion, Uninsured Deposits & Potential Implications

The Friendly Bear - Verified Trader

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The Fed Steps in to Cover the Uninsured Over 250 K Losses

Sebastian Gorka: Silicon Valley bank lost 42 billion dollars in one day. He says the banks bought long term investments so they couldn't get out of them and it created a crisis of confidence. "They just didn't properly manage the risk, no different than FTX," he adds.

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