U.S. BANKING SYSTEM CRASHES, WALL STREET COLLAPSING – WIDESPREAD PANIC HITS THE U.S. AS A MASSIVE BANK RUN TRIGGERS – EVEN AS CLUELESS BIDEN PLAYS WORLD BUSYBODY, HAPPILY SENDING BILLIONS OF LETHAL WEAPONS OF MASS DESTRUCTION TO UKRAINE & TRYING TO PROVOKE A WAR WITH CHINA AT THE SAME TIME – NO WONDER HIS OWN CITIZENS HAVE NO FAITH IN HIM & WASHINGTON – INSTEAD OF ENGINEERING UNFAIR TRADE BANS ALL OVER THE WORLD & TRYING TO IMPOSE A SEMICONDUCTOR BLOCKADE AGAINST CHINESE TECH FIRMS, SLEEPY JOE SHOULD LOOK TO HIS OWN SILICON VALLEY BACKYARD!

Business, Politics | March 11, 2023 12:17 pm by | 0 Comments

TOP URGENT BREAKING NEWS : AMERICAN BANKING SYSTEM COLLAPSING, WALL STREET ALSO CRASHING

Widespread Panic Hits US Banks as Fears of a Systemic Liquidity Crisis Cause a Massive Bank Run

BANK RUN USA PANIC – Second USA Bank Collapses in 3 Days, Run of Withdrawals Causes Liquidity Crisis

Dow Jones on Fri suffered biggest weekly loss since June
after regulators closed Silicon Valley Bank to protect deposits
SVB closed by regulators, deposits under control of regulators
Silicon Valley Bank 18th largest bank in the USA
beleaguered bank’s efforts to secure funding had failed

collapse following Fed’s aggressive pace of rate hikes
The turmoil in banks triggering systematic banking crisis

contagion swept through banking sector
widespread fears of spillover into broader banking sector
Signature Bank closed 23% lower
First Republic Bank fell more than 14%Dow Jones Industrial fell 345 points

Nasdaq Composite down 1.8%, S&P 500 fell 1.5%.

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