Q&A: Recent Bank Failures Do Not Mean It’s 2008 All Over Again
UVA Darden
MARCH 20, 2023
The federal takeover has fueled fear among some that the failures are precursors to something akin to the Great Recession, when 450 banks failed between 2008 and 2012. Smith: The Silicon Valley Bank, or SVB, invested heavily in relatively “safe” assets, in that the investments had little or no likelihood of default.
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