Eve of Disruption
The ominous looming in the heavens is lorded over all by this exact caption. Silicon Valley Bank is the epitome of the FINTECH community, and it was literally the weakest link in the chain. The Fed given 0% loans to this exact concept is what is proved to be the most brittle part of the economy. For all intents and purposes, this “sector” can not survive without free money. Truly the greatest welfare queens of history in the gayest of all drag. Behind the curtain is the current 9 trillion of unrealized losses on the credit side of the Fed’s balance sheet. Satire has officially been removed from the WEBster’s Dictionary.