Anyone who's seen this episode of South Park might know where I'm going...
A few banks have been publicly dragged after their complete collapse and inability to serve customers due to their overconfidence in the bond market.
No, no... not James Bond... more like Treasury Bonds, etc. If you're unfamiliar with the term, don't stress... most of us are.
You might have guessed... the banks that hold insanely high interest over the little guys used customer money to try making a quick buck. They sought to protect their investments from inflation with those bonds we talked about. But what now?
I appreciate the post bro. Last Friday I didn’t get paid because the pay roll system our company uses was a company who used the silicone valley bank.