, a lender to tech startups and the first to be taken over by regulators since the financial crisis in 2008.
Small- and mid-sized banks account for 50% of commercial and industrial lending and 60% of residential real estate lending, among other loans, Zero Hedge noted with accompanying charts. "If the Fed does not contain the regional bank collapse, there will be another great depression," it wrote, referring to the economic crisis that ran from 1929 through 1939. In 1933, at the height of the Great Depression, roughly 25% of the 12.8 million people that made up the US labor force were out of work,This wasn't the first time Musk has chimed in on his own social media platform about SVB's collapse.
Source: Financial Digest (financialdigest.net)
Well thank GOD we have Elon to interpret economic modeling for us! Jesus, you couldn’t find a single economist to quote in this piece? You literally have “business” in your name. Who signed off on this?
He gets his loans from Goldmans Sach, what does he know about Regional Banks. Regional banks won't let him use his Tesla address as loan collateral.
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