The Fed to Avert Global Financial Crisis in 2023?  2008 Market Crash, Bank Failures, Rate Hikes FDIC
Channel: DanMarket Investor Channel (DanMarketL)
Date: 2023-03-24

In this video, I talked about the recent bank failures and what the Fed has been doing to prevent 2023 from turning into another 2008 Global Financial Crisis.    Silicon Valley Bank with more than $200B of assets was closed by regulators on 3/8/2023 because some of the depositors of the bank were withdrawing vast amounts of money, causing the bank to incur huge losses as the bank sold off their long-term treasuries.  On 3/12/2023, Signature Bank, with more than $100B of assets, also failed because of similar problems.   Will the history of 2008 Global Financial Crisis repeat itself in 2023?

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To contact Dan, please email danmarket47@gmail.com.k stock symbol SVB has been shut down by the bank regular of the state of California.  Silicon Valley Bank was founded in 1983.  It ranked as the 16th largest bank in the U.S.