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Comments by "" (@TheDavidlloydjones) on "Timeline: How did Silicon Valley Bank collapse in 48 hours?" video.
You would have preferred trying to run the electronics industry on copper, silver and gold currency? To call you a half-wit would be an insult to the good and useful number 0.5.
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A triumph of a relatively well-designed banking system: the fools responsible will pay with their jobs and the loss of 100% of their equity. Depositers, despite their carelessnes, will get their money back. The price to the taxpayer: zero. Sadly, the whole thing was unnecessary: the stupidity was enabled by the repeal of prudent controls by the Trump Administration.
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This is incorrect. Tsunamis always start with massive, literally Earth-shaking, events, typically large quakes or the collapse of undersea mountains.
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