American entrepreneur Elon Musk wrote twitter His views on the situation in the US banking system.
He posted a short sentence on his account: “It couldn’t get any worse.”
Thus, it reacted to the Fed’s statement on the security of this sector.
Previously, the press service of the Federal Deposit Insurance Corporation (FDIC) reported About the destruction of the American Silicon Valley Bank (SVB), which ranks 16th in the list of the largest credit institutions in the USA.
Republican Senator Tom Cotton statedHe said US President Joe Biden’s economic policies led to the bankruptcy of Silicon Valley Bank.
Lawrence McDonald, then Vice President of Lehman Brothers Financial Corporation registeredFederal Reserve Chairman Jerome
Powell is lying about the state of regional banks in the US or doesn’t know what the regulator is doing as part of his policy of tightening monetary policy.