Real Mac Report
@RealMacReport
🚨Breaking: House votes 419-0 on a bill proposed by Sen. Hawley that requires the Director of National Intelligence to declassify all information on the origins of COVID. The bill now heads to Biden's desk.
https://twitter.com/RealMacReport/status/1634220991265259520
https://twitter.com/HawleyMO/status/1634229246867456010
Ya'll remember BDAnon from back a few years ago?
He said it was dropped by the US during the war games simulation.
Wonder if that is going to turn out to be true?
https://www.zerohedge.com/markets/silicon-valley-bank-crashes-65-halted-pending-news
Update (1135ET): Game over for Silicon Valley bank.
*FDIC: SVB BANK CLOSED BY CALIFORNIA REGULATOR
*FDIC: SVB BANK IS FIRST INSURED INSTITUTION TO FAIL THIS YEAR
*FDIC CREATES A DEPOSIT INSURANCE NATIONAL BANK OF SANTA CLARA
*FDIC: NAMED FEDERAL DEPOSIT INSURANCE FDIC AS RECEIVER
*FDIC CREATES A DEPOSIT INSURANCE NATIONAL BANK OF SANTA CLARA
*SILICON VALLEY BANK INSURED DEPOSITORS TO HAVE ACCESS MONDAY
Yellen
Update (1030ET): In a hearing before the US House Ways & Means Committee Friday, Treasury Secretary Janet Yellen said the department is monitoring “a few” banks amid issues at SVB.
"There are recent developments that concern a few banks that I'm monitoring very carefully and when banks experience financial losses, it is and should be a matter of concern,"
Yeah, kinda tight lipped on specificity..
Just a reminder it will be large depositors who lose out. FDIC coverage was upped from $100k to $250k after TARP bailout drama.
.
https://www.fdic.gov/resources/deposit-insurance/financial-products-insured/
Coverage Limit: All single accounts owned by the same person at the same bank are added together and insured up to $250,000.
Wonder which depositors just lost a lot of money?