ABOUT KAMRAN’s Blog and GUEST BLOG
I- KAMRAN’s Blog: Dedicated to the Common Good- aiming to be a source of hope and inspiration; enabling us all to move from despair to hope; darkness to light and competition to cooperation. “Let the beauty we love be what we do.”-Rumi
II- KAMRAN MOFID’s GUEST’s BLOG: Here on The Guest Blog you’ll find commentary, analysis, insight and at times provocation from some of the world’s influential and spiritual thought leaders as they weigh in on critical questions about the state of the world, the emerging societal issues, the dominant socio-economic logic, globalisation, money, markets, sustainability, dialogue, cooperation, environment, media, spirituality, faith, culture, the youth, the purpose of business and economic life, the crucial role of leadership, and the challenges facing economic, business, management, education, and more.
“When we are dreaming alone it is only a dream. When we are dreaming together it is the beginning of reality.”—Helder Camara
Angel Oak Tree, Charleston, South Carolina, USA
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Yet another Banking Crash
Is the Collapse of the SVB the repeat of the spectacular fraud-ridden a la Madoff Ponzi scheme of 2008?
Were the big wigs at the bank con artists like Bernie too?
'The collapse of Silicon Valley Bank - the second-largest bank failure in US history -
sent anxiety across the financial system and shook the tech industry.' REUTERS/Dado Ruvic/Illustration
‘Silicon Valley Bank collapse is the second-largest failure in American history, followed by the Lehman Brothers financial crisis in 2008. The regulators shut down the bank entirely on Friday and seized the deposits. It all started on Wednesday when SVB needed to raise nearly $2.25 billion. When the bank failed to raise capital, it sold securities in loss to shore up the balance sheet. Investors reacted to this, and the bank’s share price fell over 60%. The venture capital firms also advised companies to withdraw their deposits. The banking sector has been deeply hit by the wave of SVB’s failure. Signature Bank of New York has also been shut down on Sunday, registering the third largest fall in the US…’-The Inside Story of Silicon Valley Bank’s Failure
See also: The SVB debacle has exposed the hypocrisy of Silicon Valley
‘As of mid-day 14 March, market panic caused by SVB collapse has wiped £382bn off bank stocks in recent days.’
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