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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Elroy Jetson who wrote (10561)3/12/2023 7:41:36 PM
From: robert b furman  Read Replies (2) of 13771
 
Hi Elroy,

I agree!

I've read SVB was the 15th largest bank in the USA.

Not a very deep bench when it comes to ensuring our bank system is solid?

I'm hopeful it is a one off.

What worries me the most is does Crypto play a part of other banking systems illiquid assets?

Just IMO, Crypto is a worthless scam and can be a huge loss of banks capitalization in a worst case collapse of value (with no liquid assets to back it up - and surely no government bail out assistance).

The second shoe to fall could be illiquid Crypto assets as they fall to $00.00. Don't know. but wondering?

Bob
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