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Meet My Personal Banker | THC 303
Michael Jones: Man of the Community and Advocate for Financial Security
Federal Regulators Force Abrupt Bank Shutdown
If you're reading this, you might be freaking out a bit, especially with the Feds taking over and shutting down the Silicon Valley Bank a couple of weeks ago.
But, everything you see that comes to a head is usually rooted in decisions made.....sometimes good and sometimes shit......SVBG failed due to bad decisions with cash, such as investing in Treasury bonds and not being able to give it out on demand.
Banks around the world are struggling with the mismanagement of cash. The…
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