Steve Breen for March 12, 2023

It’s not rate hikes that brought SVB down. If that was the cause, then how are all the other banks staying open?

It took a lot of bad decisions to get SVB to where it is today.

A bank goes down in the winds of poor GOP-driven policies.

Gosh.. who would have thought startups are risky.

Breen forgets yet again to mention that it is another case of TFG and his policies that caused an economic disaster. No bailouts this time!

One of the guys in charge at SVB was also one of the guys in charge at Lehman Bros went they went under in 2008.

The high tech industry had a downturn and lots of people lost their jobs and needed their money so there was a run on the bank.

As an aside, where exactly does Stormy Daniels live?

Time to start writing laws to protect the public and hold people responsible.

Part of the problem was panic withdrawals.

One can destroy the best functioning bank by having everyone withdraw all their money on the same day.