As the country gets closer and closer to a massive recession, the “Silicon Valley Bank” in Northern California has collapsed.
At Silicon Valley Bank, north of 93% of the bank's $161 billion in deposits are uninsured per a recent regulatory filing, @MaxJReyes writes.
Follow our live blog for the latest developments on SVB https://t.co/rXLJQRLgMC pic.twitter.com/7T3r0YqoYt
— Bloomberg (@business) March 10, 2023
Just last month, in February, CNBC leftist hack Jim Cramer recommended people buy this stock at $320 per share. I’m glad I don’t rely on left wing idiots on CNBC for my investments.
Jim Cramer said Silicon Valley Bank was a buy last month at $320
Today it is being closed by California regulators pic.twitter.com/x1xMBTrQTS
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) March 10, 2023