Biggest Bank Failure Since Great Recession Sparks ‘Overblown’ | ATAF - All True American Friendship 🇺🇸 🤝 🇺🇸 ️🤝 🇺🇸

Biggest Bank Failure Since Great Recession Sparks ‘Overblown’ Fears of Contagion

The sudden collapse of startup lender Silicon Valley Bank—which has culminated in the biggest bank failure since the Great Recession—has wreaked havoc on stocks and sparked fears of a potentially systemic conundrum, and though experts say the fears are largely overblown, they also warn the related effects of the Federal Reserve’s interest rate hikes will continue to ripple through the economy for quite some time.

Will it happen again? Thousands of banks failed during the Depression and loss of confidence caused anxious depositors to create "runs" on banks as they tried to withdraw their money before the banks collapsed.

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