By now, you’ve all no doubt heard that the Silicon Valley Bank failed yesterday, amounting to what is the second-biggest bank failure in U.S. history. Tucker Carlson had a commentary about this event last night:
SVB Has Gone Under Completely — The Second Biggest Bank Failure in U.S. History
@TuckerCarlson: "When customers showed up at SVB's branch in Manhattan today to get their deposits back, managers called the police. So what we have here is a 1929-style bank run. And that's not a… https://t.co/zugk2ejgYk
It turns out that SVB President Gregory Becker didn’t sell $2 million in bank stock within the last two weeks - he actually sold $3.57 million:
BREAKING: Before the collapse of Silicon Valley Bank, $SIVB, the CEO sold $3.57 million of stock within the last two weeks.
Oh.