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July 7, 2024
rates still attest. but in silicon valley it made for an epic pay day. it was soon reflected on the balance sheets of its biggest local lenders which was called silicon valley bank. in 2018, svb had about $49 billion on deposit. three years later that same bank had amassed more than $189 billion. that is a gargantuan amount of deposits over a short period of time. dramatic enough to have raised a serious question and an obvious one. what was silicon valley bank gonna do with all that m...
March 15, 2023
This is what banks are actually like? we dont want to alarm anybody or get censored by senator mark kelly who said he does not want you complaining about banks. we should tell you its not just signature svb. jp morgan, the biggest bank in the world we think, one of the few banks that consumers still have some confidence put in, put out a whole video about how they give out money not on the basis of economics or math, but on the basis of irrelevant characteristics like your appearance. theyre jud...