Well, Hello — March 11, 2023

Updates

March 12, 2023: All’s well that ends well. No bailout. Depositors made whole. Again, DC does the right thing.

March 12, 2023: link here.

March 12, 2023: SVB chief administrative officer was Leyman Brothers CFO prior to collapse. Link here. Joseph Gentile. 

March 12, 2023: Mark Cuban.

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March 12, 2023: link here.

Original Post 

Link here.

HARRY AND MEGHAN STAND TO LOSE MILLIONS IN COLLAPSE OF SVB BANK Sources tell iSN the couple set up accounts following the advice of friends in Silicon Valley. "This is a major blow," said our source, "They had all of Harry's money there."

"Their accounts may only be insured up to a maximum of $250,000," said a source who asked not to be identified, "Harry's millions from Spare may be lost."

Harry will write a new book: Spare Change: How An Actress Taught A Prince To Invest. Foreword by Warren Buffett. Introduction by Jay Powell. Afterword by Charlie Munger.

MDW blog: to set up a “GoFundMe” account for prince and princess.

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OPRAH STANDS TO LOSE $590 MILLION AFTER COLLAPSE OF SVB "All her biggest accounts were with the bank." said a source familiar with her finances, "Like other tech savvy investors she banked with SVB and now it's all gone."

iSN has learned Oprah had to be physically restrained after learning she lost over half a billion dollars in the collapse of SVB.

Oprah signs deal for new television show: “SVB: not one of my favorite things.” 

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NANCY and PAUL PELOSI: hit hard by collapse off SVB. Sources say they may have lost millions.

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The big question: does this put San Francisco’s reparations plan on hold.

All of a sudden, this gets serious.

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Best US Banks, March 7, 2023: @SVB proud to be on @Forbes' annual ranking of America's Best Banks for the 5th straight year and to have also been named to the publication's inaugural Financial All-Stars list.

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ELON: where did he park his cash?

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FDIC: this is why they stepped in so quickly. To prevent royalty from jumping to the head of the line.

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California revenue: one percent of California taxpayers account for 49% of California’s state income tax revenue. Taxes are due in one month.