Crazy Breaking News:
Silicon Valley Bank, a bank with hundreds of billions of assets, went into FDIC Receivership today, after a run on the bank starting yesterday, led by Peter Thiel and his VC Buddies. This left this bank reeling and the feds to come in midday (normally wait until end of business) and take over this bank. People's money will be available in 3 days, but needless to say this is a huge fall for this bank. Whoa. Blows my mind.
Will have more on a future podcast but this one explains what it means for the laymen. Thank you so much!
NB Has recovered over $4 Million from big banks back to consumers, with nearly $800k of it being Zelle fraud!
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