Banking Troubles on the Horizon?
by Paul Craig Roberts, Paul Craig Roberts: The failure of Silicon Valley Bank (16th largest bank in US) last Friday resulted from depositors withdrawing their funds in response to a drop in value of the bank’s bond portfolios caused by the Federal Reserve’s ill-considered hikes in interest rates. The mindless policy implemented by the Federal Reserve […]
Source: https://www.sgtreport.com/2023/03/banking-troubles-on-the-horizon/
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