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No, this isn’t a repeat of the 2008 financial crisis

There are some key differences between the collapse and fallout of Silicon Valley Bank and Signature Bank and what happened in 2008. For one thing, the 2008 crisis was, in part, worsened by financial institutions holding assets (like mortgage-backed securities) that were difficult to value, making it hard for banks to determine how much they were worth. …

The post No, this isn’t a repeat of the 2008 financial crisis appeared first on Egypt Independent.

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