Why Did Silvergate Go Down?Does anyone know? Now in the financial crisis of the housing meltdown banks failed and people had toxic debt where their properties were a huge millstone and people had no choice but to get rid of it despite that property is seen as a positive equity and banks took on those toxic debts pennies on the dollar and made money off of this. The fact that this whole economic crunch is due to high inflationary pressures and people panicking to take their money out from financial institution is the driving force of banks imploding because banks can't cover fast enough to use any types of monies so they are failing. The inevitable will be a badly needed government bail out as with what Obama had needed to do to bring stability through these turbulent times. What will also happen is that due to high inflationary pressures the central bank will see the best option will not only be to keep the rate stable but finally I suspect there will be bank rate cuts and planned spending not only to rescue banks but also to help create jobs and get the real problem to stop being such whine bags and those are all the fat cats sitting on massive amounts of monies batching that the borrowing rates are too high and hold everyone hostage. People sitting with huge amounts of cash are playing their battle of attrition and are waiting to bleed people out until the rates go down and things turn around. Whether people despise that these corporations not only don't pay their fair shares of taxes constantly get corporate welfare but they constantly whine when interest rates go up and call bloody murder. Nevertheless whether people who constantly lay claim about corporate greed and not paying their fair shares of taxes is true the bottom line is all these guys drive the economy. Now despite anyone knowing where the money is coming from all banks are overexposed and at high risk to fail and by the looks of it more so in the US than Canada. Canada unlike the US has more conservative regulations that mostly protect sectors and have less problems such as the case with the surprise. In Canada because property in hot markets are extremely expensive people can't qualify for a mortgage for apartments without a combined total of $120k. Further there was never as to my recollection 0 down but stupidly the amount was reduced from 20k to 5k which I never was in favor of as every quarter percent interest raise is good enough to put people who mortgage out the property in some serious problems but the point is the US continues to fail badly in being more strict on their borrowing and will constantly put as overexposed and extremely vulnerable to crashes. There are things the US badly needs to fix their lending practices medical among other things. Having said this the fact that Steve is associated with those who have ties to these two banks is not surprising and also people who blame Steve is like saying to people who have monies in any of the US banks that fail due to people out of panic and then implodes blaming those people for having their money with those that go down. I see a lot of unjustified hate here and again present another side. Whether Steve is making things up well again if you continue to see it that way you will always call for his head no matter what. This is just bad news foreseeable or not that is how connected and fragile the economy and things are. Until there is stability a lot of stocks will continue to get nailed badly and this underscores the importance to be smart in how we manage our shares. Anyways sure this is not the type of news we want to hear but if the suite is robust and it serves an undeserved group of people in time it will be growing and successful but in the near term all stocks just like crypto will feel a lot of pressure.