Congress Killed Silicon Valley Bank
The collapse of Silicon Valley Bank (SVB) has unified Americans with a shared anger. Everyone — left, right and center — knows that something is wrong.
Executives sold off millions of dollars of stock before the crash, SVB paid out bonuses as it was collapsing, and the Federal Reserve created a brand new program — once again, Washington, D.C. is deciding who is “too big to fail.” But in their hard times, most Americans don’t receive a parachute payment or government bailout.
Our economic seas are so rough that the...