Buffett: If the deposits of Silicon Valley Bank are not guaranteed, it will have catastrophic consequences

2023-05-06 22:55:28

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ChainCatcher message, Berkshire Hathaway CEO Buffett stated that if the deposits of Silicon Valley Bank are not guaranteed, it will have catastrophic effects. It is unimaginable that anyone would allow the U.S. to not raise the debt ceiling and risk defaulting, which could destroy the global financial system. (Source link)