Well these things are hard to figure. Back in 2007 when the Bush administration let Lehman fail they almost destroyed the financial system…when they bailed out AIG they saved it.
This SVB failure was a combination of idiotic balance sheet management, fast asleep regulators, and the new speed with which things move with social media. Stupidity should be punished but we need no more failures.
Hall Of Fame
You mentioned that you lost some money because of the Bank going belly up. I said I am sorry you did feel the pain.
Now I saw that the Signature Bank suffered the same fate as the SVB and that a further four banks are in serious trouble as well - those being the -
* Pacific Western Bank
* First Republic Bank
* Western Alliance Bank
* Commerca Bank
I hope you did not invest in any of the above banks - would hate to see you losing money when banks started going belly-up.
I am not an investment fundi - but it looks bad to me when Banks started collapsing - especially to my mind it is indicative of situations where the economy in any country is in serious trouble or where banks can operate without restrictions by the Government to ensure questionable operational methods. If the Government tried to bail out the relevant banks I believe it would add to the national debt of the USA Government and be inflationary anyway - a natural result of Governments spending money they do not have and get through borrowing.