Hi, Where to start, I have owned and run a vitamin store business for the past 28 years, happily married since 2005. have 3 Children, I Love The Lord!, Jesus IS my Lord and Savior. I want to do what ever i can to bring God All The Glory. Glad to see a site like this up and running. :)
Looking at what is happening with Silicon Valley Bank:
If you glance at the article, check out this: "1) The mess is contained, FDIC comes in, protects basic depositors, and sells-off the rest of the Mortgage Backed Securities, and ****some**** of the uninsured Depositors get ****some**** of their money back . . . . years from now, OR;"
So banks are suppose to be FDIC insured but what is "uninsured depositors" well that is messed up bigtime. i feel for the depositors and this is exactly what is wrong with the banks in the USA no money left for withdrawls!
The collapse of Silicon Valley Bank was caused by a massive run on the bank, with customers initiating withdrawals of $42 billion this week.
halturnerradioshow.com