Block Fi News Today : Breaking News, Live Updates & Top Stories | Vimarsana

fargo, bank of america, jm morgan, morgan stanley lost $50 billion in market value in one day. that's a hit. on the other hand, those banks still exist. you can't say that for silicon valley bank. svb has gone under completely. that makes the second biggest bank failure in the history of this country. and the significant svb financed nearly half of all venture-backed healthcare companies in the united states. it held significant cash reserves for some of the biggest crip toe currencies. it's gone. federal regulators have rename it and taken it over. that means a lot of people lost a ...

Stupidity are a part of the problem. svb and ftx are two of several major players in the financial industry that have gone under in recent months. are you noticing this? the bank silver gate, more than 1 million in assets. crip to warrior, the $3 billion. block-fi and a number of others. on friday, wells fargo customers reported they didn't get their paychecks as expected. the bank says that's a computer glitch. we don't know. what's clear is we're witnessing something serious happening in the finance sector and in other sectors of our economy. we don't know where any of this is going. we're c...