Democrats deserve plenty of blame for the bank crisis
Thursday, March 16th 2023, 11:33:00 pm
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The United States recently suffered the second-largest bank failure in the country's history. The consensus view is that Silicon Valley Bank made a huge mistake by borrowing short term and then parking money in long-term bonds. When interest rates rose, assets lost value, and SVB was put in a perilous position. President Joe Biden promises…
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