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Three Bank Collapses in One Week?:

if you haven't been following american news three banks collapsed recently icluding the second and third biggest bank collapses in US history so that's pretty interesting. Imma just ramble about this because no on ein my life keeps track of the news and they don't really wanna talk about it but that's what random internet blogs are for I suppose. Pus if this does turn about to be the start of the next financial crisis (although I don't thik it will be) this will be fun to look back on. The first bank that collapsed was silvergate and that one collapsed becuase it lent money to crypto investors and companies and when the crypto market collapsed (and thak god it did I despise crypto) they lost a lot of money and had a bank run becuse people lost trust in it. Second up on the chopping block was Silicon Valley Bank which was the biggest of the 3 and this one is a bit more complicated. So from what I understant SVB invested heavily in treasuery bonds which are a very safe investment because as log as you hold onto them you are guarenteed to make a return however the US raised interest rates so the Treasurey bonds that SVB held lost a lot of value and now they had a lot of unrealised losses but this was fine cus they could jus hold onto them but then a credit rating company dropped them down a rank and the people who had money in the bank panicked ad withdrew so they had to sell their treasury bonds at a loss and thye ran out of money :(. signature bank (the third one) is basically the same as Silvergate so i aint gonna type it out. But yeah the US government is bailing out all the banks and goving everyone their money which I suppose is necessary but they would never do that if it was't all rich people who lost money :/.

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