Don't bank on California, especially when banks are involved.
California’s history of precipitating economic crisis is rooted in our need to get rich quick, a characteristic of our state since the Gold Rush.
Source: sfchronicle.com
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Mathews: California's history of putting the world economy at risk
Silicon Valley Bank's failure fits a very old pattern, rooted in our need to get rich quick, dating back to the Gold Rush
Source: mercurynews.com
Silicon Valley Bank is a reminder you can never bank on California
Our state’s history of precipitating economic crisis is rooted in our need to get rich quick, a characteristic of our state since the Gold Rush.
Source: vcstar.com
Op-ed: How California bank busts trigger worldwide calamity
When California’s economy falters, the reverberations are felt across the globe. Commentator Joe Mathews says state banks are often the root of the problem.
Source: kcrw.com
The Fed's Magic Elixir - Daily Reckoning Australia
The feds now say the bank’s wealthy shareholders will lose, but not the wealthy depositors. Currently, deposits are insured by the FDIC up to US$250,000. But 97% of Signature’s deposits were for more than that amount.
Source: dailyreckoning.com.au