Not good. Not good at all.
https://www.cnbc.com/2023/03/10/silicon-valley-bank-collapse-how-it-happened.html
@SSNBubblehead yeah, I have a not insignificant position in USDC stablecoin which depegged because of this. But it's already back up to $.97 because it only had about 7% exposure. There are sure to be knock on effects but the FDIC stepped in quickly so I don't think we're seeing the beginning of a crash.
@hallmarc Two words:
Lehman Brothers