That’s the not too long ago retired Ray Dalio, weighing in through his well-liked LinkedIn web page to supply his ideas on the collapse of Silicon Valley Financial institution, or SVB, and the regulatory response.
SVB, whose consumer base was closely concentrated amongst venture-capital startups, was closed by California’s financial institution regulator on Friday, whereas New York’s Signature Financial institution was shut down on Sunday — they adopted the sooner closure of Silvergate Capital. Federal regulators late Sunday introduced that SVB depositors, together with these with deposits above the…
