Banks on Verge of Collapse | Silvergate & SVB Contagion Spreads

It appears the early stages of a legitimate financial crisis may be at our doorstep as now Silvergate, SVB, First Republic Bank, Signature Bank, JPMorgan, Wells Fargo, Bank of America, and Citigroup, all are impacted by contagion. Buckle up guys, it could be the start of a major banking collapse, you don't want to miss this one!

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Sauces
► Silicon Valley Bank Collapses and Enters FDIC Receivership:https://www.bloomberg.com/news/articles/2023-03-10/silicon-valley-bank-collapses-enters-fdic-receivership
► The implosion of Silicon Valley's largest bank has investors worried worse is to come: 'There might be some kind of crack in the financial system': https://www.businessinsider.com/svb-silvergate-chaos-financial-crisis-concerns-investors-silicon-valley-collapse-2023-3?op=1
► TuckerCarlson: "There was a major stock sell-off today. ... SVB Financial announced a large stock sale—almost looked like a bank run! The Silicon Valley Bank stock plunged by 60 percent!":https://twitter.com/VigilantFox/status/1634012957716742144
► Dr. Jeff Cafe Bitcoin Macro Friday: https://twitter.com/SwanBitcoin
► History of Crashes, Runs, and Panics: https://twitter.com/professor_hasan/status/1620304008069132288?s=20
► Why this sudden meltdown in bank stocks?:https://twitter.com/MacroAlf/status/1633944102826909703?s=20
► *BANK PANIC* First Republic Bank (FRC) shares crash to record 37% at open: https://twitter.com/TheInsiderPaper/status/1634203166370672641?s=20
► Preston Byrne policy failure thread: https://twitter.com/prestonjbyrne/status/1634203272838893572?s=20
► German financial regulator BaFin: https://twitter.com/markets/status/1634215078546251776?s=20
► Is a banking crisis beginning to hit?https://twitter.com/MacleodFinance/status/1634184566410735618?s=20
► California regulators close Silicon Valley Bank $SVIB in the "largest bank failure since the Great Recession." - AP: https://twitter.com/BitcoinMagazine/status/1634238059406344213?s=20
► Silicon Valley Bank fails: https://twitter.com/GRDecter/status/1634235597035323411?s=20
► The FDIC to the 93% of Silicon Valley Bank's deposits that are uninsured: https://twitter.com/DylanLeClair_/status/1634235329627422720?s=20
► Wells Fargo has me like this at 9am on payday. I will definitely be closing my accounts: https://twitter.com/kingtravvv/status/1634213877758976000?s=20
► Wells Fargo customers are reporting their direct deposits and scheduled paychecks were missing from their online accounts this morning.:https://twitter.com/wfaa/status/1634222606806138881?s=20
► Lyn Alden short thread: https://twitter.com/LynAldenContact/status/1634215155050467328?s=20

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