https://www.dailymail.co.uk/news/article-11855573/100BN-wiped-banking-market-SINGLE-DAY-bloodbath-Wall-Street.html
$100BN wiped off US banking market in
SINGLE DAY as former White House adviser
calls it 'tip of the iceberg': Bloodbath
on Wall Street saw regional banks fall
by up to 60% and the Big Four drawn into
SVB's collapse contagion
Daily Mail (UK), by Ross Ibbetson
Original Article
Posted By: Harlowe, 3/13/2023 8:39:52 PM
More than $100 billion was wiped off US banks' value today in a bloodbath on Wall Street sparked by the collapse of Silicon Valley Bank. Trading was intermittently halted on at least 20 regional banks as the velocity of money forced regulators to intervene.(Snip)Former Trump White House adviser Steve Moore warned that SVB 'may just be the tip of the iceberg', exposing a broader weakness brought about by Biden's $4trillion COVID stimulus pack.(Snip)'It's because of the massive inflation and the trillions and trillions of dollars of borrowing that the federal government has done that has put our financial system in great jeopardy and great peril.