Crypto Didn’t Create This Crisis

President Biden says they will find and hold accountable those responsible for the Silicon Valley Bank collapse. Ha ha. It’s Joe Biden because the whole disaster is a function of Government policy.

Silicon Valley Bank went bust because the U.S. forced banks to buy their debt as Tier 1 capital and then debased it. Regulation has forced industries to concentrate their banking and generate banks with undiversified client portfolios by draconian AML/KYC/risk modelling and what do you know, that’s bad for bank solvency. Put the two together and you have a doyen bank, with godlike customer base of lauded VC with their miracle unicorn investee companies, the golden children of the American economy, and you end up with a 5-star disaster.