Mastodawn

Robert Reich May 2, 2023

Silicon Valley Bank

Signature Bank

First Republic Bank

Together, these three failed banks held more assets than the 25 banks that collapsed during the 2008 financial crash.

How can we prevent this financial meltdown from getting worse? Make banking boring again.

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ehurtley

@rbreich There have been rafts of bank failures about once a decade for many decades. I have been directly impacted by it each time. Benjamin Franklin, Washington Mutual, SVB. I guess the moral of the story is to never bank anywhere I have an account...