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This is the Largest Bank Failure Since 2008
Mar 11, 2023
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Fox News host Tucker Carlson breaks down the collapse of Silicon Valley Bank and explains the larger ramifications for the U.S. on 'Tucker Carlson Tonight.'

Source: https://youtu.be/cl-ZawiAghE

Snippet: The wait for the next “Lehman Brothers moment” is over.  On Friday, we witnessed the second biggest bank failure in U.S. history.  The stunning collapse of Silicon Valley Bank is shaking the financial world to the core.  As of the end of last year, the bank had 175 billion dollars in deposits, and approximately 151 billion dollars of those deposits were uninsured.  In other words, a lot of wealthy individuals and large companies are in danger of being wiped out.  In particular, this is being described as an “extinction level event” for tech startups, because thousands of them did their banking with SVB.  I cannot even begin to describe how cataclysmic this is going to be for the tech industry as a whole.

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