Capitalist Insider: Biden’s Fed KNEW SVB was doomed a year early and froze

They sat on SVB’s 94% uninsured deposits for a year

Hello Capitalist Insiders!

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• Biden’s Fed knew SVB was doomed a year early and froze

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• SK Hynix’s NAND cash now has a Chinese problem

• Retail’s biggest SpaceX dump and the stock kept running

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Biden’s Fed knew SVB was doomed a year early and froze

Vice Chair Michelle Bowman said in London Friday that an outside Starling review found Fed supervisors knew, or should have known, Silicon Valley Bank was fragile before its 2023 collapse.