
14 March 2023
No. Not another Lehman moment. The system is safe though you wouldn't think so from the world reaction to the collapse of a relatively small bank. The Fed had to step in to save a run on the bank. Here's the story.It seems that the bank was lending money to the Startup VC tech industry (... and also to the California wine industry curiously, the vineyards) and one of the conditions for a start-up fledgling company being...