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SVTPerformance's Chain of Restaurants
Road Side Pub
SVB is Now In the Hands of the FDIC
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<blockquote data-quote="Weather Man" data-source="post: 16887979" data-attributes="member: 137766"><p>We'll see how well this ages.</p><p></p><p>In the light of the liquidity crisis at Silicon Valley Bank, former Federal Reserve economist Bill Nelson said Friday that the banking system is "well capitalized" despite pressured caused by higher interest rates.</p><p></p><p>In an interview with CNBC, Nelson argued that the issues at Silicon Valley Bank is not a "significant financial system problem" and the turmoil it has caused should not impact Fed's decision-making process related to interest rate hikes.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16887979, member: 137766"] We'll see how well this ages. In the light of the liquidity crisis at Silicon Valley Bank, former Federal Reserve economist Bill Nelson said Friday that the banking system is "well capitalized" despite pressured caused by higher interest rates. In an interview with CNBC, Nelson argued that the issues at Silicon Valley Bank is not a "significant financial system problem" and the turmoil it has caused should not impact Fed's decision-making process related to interest rate hikes. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
SVB is Now In the Hands of the FDIC
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