BREAKING NEWS: Silicon Valley Bank halts trading pending an announcement after Peter Thiel's venture capital fund warns startups to PULL money from the troubled bank.

[jboldeniv]

[OJ006]

It's a very sad day for a lot of people who have invested in this Bank who are small businesses and startups. From understanding from the inside of the US institutions when it comes to Banks I've noticed a very interesting and yet disturbing aspect of the banking system in the United States comparison to other Western countries do their businesses when it comes to banking. Most countries like the EU or for example Canada have a regulatory oversight over bonds being placed when it comes to investments in businesses and small businesses when it comes to venture capital. If the stakes are too high they will be oversighted and yet either denied access for increasing the bonds for more loans to go through or other projects depending on the growth of the business and the returns back to the bank. It's complicated but the main point is oversight over returns. Unfortunately due to regulatory oversight in the United States when it comes to Capitol Hill they removed those oversights in the last Administration in your country. These stress tests that they have been using over the past few years were removed from these Banks especially for silicon Valley Bank. This reverberation not only went through the United States but it went through the UK including Canada and other locations around the world. I am happy to know that your government stepped in and did exactly what was needed in order to counter this issue. From my understanding from the news Federal lawmakers were able to take over the bank and and remove both the CEO and any managers regarding the transactions that were in place at the time at Silicon Valley Bank. Can anyone confirm that? Anyways these are just my thoughts thank you.