Greg Price

@greg_price11 ↗

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Last Checked March 11, 2023

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Sat Mar 11 00:18:32 +0000 2023

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Greg Price @greg_price11

And it’s only going to get worse. — PolitiTweet.org

Posted March 11, 2023

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Greg Price @greg_price11

The biggest reason Silicon Valley Bank collapsed is they invested their customer deposits in treasury bonds, which are very sensitive to interest rates, which have been hiked up massively over the last year due to inflation. Bideninflation=the largest bank collapse since 2008. — PolitiTweet.org

Posted March 11, 2023

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Greg Price @greg_price11

And because a huge portion of $SVB’s clients are tech startups with deposits over $250K (the FDIC only insures under), they may not see their money for a very long time if a bank doesn’t buy it up. — PolitiTweet.org

Posted March 11, 2023 Just a Typo