for a few reasons
The lender launched a share sale last week to shore up finances, sparking fears it could collapse. Its stock price promptly plunged, and depositors raced to pull their money out, effectively causing a bank run. The FDIC took control of SVB on Friday, and Treasury Secretary Janet Yellen announced on Sunday that depositors' money would be guaranteed.SVB to Enron, the energy-trading giant that was busted for accounting fraud and went bankrupt in 2001.
"SVB and the VCs who funneled money into it may not have been the smartest guys in the room but I don't see any fraud ," McLean told Insider.
The Big Short 2: The Crypto Collapse?
The Forever bachelor go back to Demi
But I thought it was all Biden’s fault?
Still waiting on “the mother of all crashes” 🌚🌝