The Treasury Department announced in a joint statement Sunday evening with the Federal Reserve and FDIC that all deposits at Silicon Valley bank will be made available on Mondaywith the same for Signature Bank which was taken over Sunday by New York state regulators.
Poster Comment:
4 bank stocks lost $55 billion in value of Friday. They did that to stop the Bank Run from spreading. But the real problems are the total number of bad debts to cancel and the death of the US dollar, the euro, the pound and the yen.