Federal regulators take control of tech darling Silicon Valley Bank

Aside from following the news as an interested taxpayer, I’m not reacting at all. That might change once there’s more information on the impact to other banks and calls for investigations, though. My former employers chose large investment firms for retirement funds, but I still had to avoid the pitfalls faced by Enron employees and clients of Lehman Brothers. Those lessons learned were to never put all the (nest) eggs into a single basket, or trust in a single company’s stock. The same goes for banking, not that I come close to exceeding the FDIC insurance limit. :woman_shrugging:t4:

9 Likes