Nearly half the money — $143 billion — went to holding companies for the two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets.
That's the wild thing, it was a small-town S&L. You fucking expect it when you go in with Chase or Wells Fargo or Citi or something, but these guys were local vampires.
That's the wild thing, it was a small-town S&L. You fucking expect it when you go in with Chase or Wells Fargo or Citi or something, but these guys were local vampires.