Finance Expert: Collapse of SV Bank Will Make the FTX losses Look Like Child’s Play – This is a Potential Extinction Level Event For Many Companies ~ March 11, 2023

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“This is going to make FTX look like child’s play,” says @mhiggins on the collapse of $SIVB. pic.twitter.com/yBU5ayeR75— Last Call (@LastCallCNBC) March 11, 2023

Matt Higgins | 917.eth | irish.eth |
@mhiggins
·
4h
Replying to
@LastCallCNBC
This is a potential extinction level event for many innovative companies unless action is taking immediately. And if not, the consequences will cascade throughout the economy with layoffs and other downstream knock on effects. FTX was painful but contained.

This is a potential extinction level event for many incredible companies. FTX was very painful but the economic consequences did not cascade throughout the broader economy.

This is different.

Boards are meeting through the weeeknd to determine how to make payroll.