Re:Startups that use Silicon Valley Bank are freaking out ov...
by andsoitis on Saturday March 11, 2023 @10:47AM
(#35109246)
> I don't understand why people are blowing this out of proportion.
SVB collapsed and is the largest bank failure since the 2008 financial crisis.
It is unlikely to cause contagion (though some disagree) which means luckily the Fed won't raise interest rates to mitigate that risk (unless they also think there's risk of contagion, like some experts do).
SVB collapsed and is the largest bank failure since the 2008 financial crisis.
It is unlikely to cause contagion (though some disagree) which means luckily the Fed won't raise interest rates to mitigate that risk (unless they also think there's risk of contagion, like some experts do).