Silicon Valley Bank's Collapse Created a Domino Effect on the Economy

The CEO of Silicon Valley Bank said, it looks like we're going to collapse. And sure enough, they did. This is another bad business decision by Silicon Valley bank. They over concentrated. Most of their depositors were tech companies. If you have thousands of businesses going broke, hundreds of thousands of people not getting their paychecks,. You can imagine the domino effect this would have on the economy as a whole. The FDIC and the Treasury Department step in to provide reassurance that our banking system is safe. It is that the American economy is secure. It is.