everything is fine, move along, nothing to see here - Janet Yellen

#JanetYellen #Bankingfailures

#BernieSanders told you so:

In 2018 (during DJTs administration), Bernie Sanders warned that loosening bank regulations would risk a big failure. The _Republican_ CBO **agreed** but 50 GOP senators and 17 Dems ignored them.

Bernie also predicted that the same banks that spent $$$ lobbying for the de-regulation would come begging for a bailout when it happened. He was right again.

#Bankingfailures #SVBBankrun

https://youtu.be/jS9leYkL3jc

2 days after authorities closed Silicon Valley Bank, New York's Signature Bank shut down in 3rd largest failure in US banking history

New York-based Signature Bank was shut down by regulators, two days after authorities closed Silicon Valley Bank.

The Tribune India