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USA: The financial meltdown is beginning. (www.nbcnews.com)

submitted 2 months ago by shortwavesurfer@monero.town to c/personalfinance@lemmy.ml

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They are keeping this quiet, but this affects 2.9% of US bank customers.

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[–] shortwavesurfer@monero.town -1 points 2 months ago

Silicon Valley Bank was bailed out entirely by the FDIC. And so there were no liquidity issues. 2.9% of real people have been able to not access their money this time. That did not occur last time.