Unreported Truths

Unreported Truths

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Unreported Truths
Capitalism, except for the capitalists
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Capitalism, except for the capitalists

What happened over the weekend is bigger than Silicon Valley Bank; once again the wealthiest, most politically connected companies and executives are proving the rules don't apply to them.

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Alex Berenson
Mar 16, 2023
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Unreported Truths
Unreported Truths
Capitalism, except for the capitalists
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Back to the banks.

For a few hours on Sunday, they fooled me.

At 6:15 p.m. Sunday, the government and Federal Reserve announced they would guarantee all deposits at the two big banks they’d closed, Silicon Valley Bank and Signature Bank - removing the $250,000 limit on insured accounts to help prevent a bank run.

Taxpayers would not be on the hook for an…

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