On March 10th, Silicon Valley Bank went bankrupt. Federal regulators had to take over operations to avoid economic disaster. Due to the Federal Reserve’s determination to curb inflation it has consistently hiked interest rates for the last 12 months, an outcome that SVB and many other banks failed to anticipate. As a result, SVB suffered […]
Tag: banking crisis
WILLIAM Black, former bank regulator and Professor of Economics and Law at the University of Missouri, witnessed first hand how banks took control of the banking system to commit fraud on a colossal scale. In his TED Talk from last year (watch it below) Black talks about “liar’s loans” and other tactics that the banks used to bring […]