David Quintieri on SVB Fallout
Depositors are withdrawing their money from regional banks and moving it to the very biggest "too big to fail" banks like JP Morgan etc.
Re CNBC's Jim Cramer's comment about how easy it is to cause a run on banks, ... Three days ago Yahoo finance posted this: Strategist: ‘I would avoid’ every regional bank amid Silicon Valley Bank fallout
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See this "Mad Money" article of Cramer's Regional banks are still vulnerable even with Fed on alert, Jim Cramer says. The whole thing stinks like a con: see Kim Iverson and Richard Werner: "Richard Werner is working to encourage the establishment of many more small community banks to stabilise the money supply! See https://professorwerner.org/ His twitter is @ProfessorWerner or @scientificecon_."
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