by Mac Slavo, SHTF Plan:

William Isaac, who is a former chair of the Federal Deposit Insurance Corporation (FDIC), believes that more bank failures are coming, and soon. It will all be a part of the fallout from the collapse of Silicon Valley Bank (SVB) on Friday.

2nd Biggest Bank Failure In U.S. History: “On The Verge Of A Much Bigger Collapse Than 2008”

If this continues to spiral, and the masses start to panic, a big crash could occur.

SVB, the 16th largest bank in the United States and the go-to institution for tech startups for nearly 40 years, collapsed on Friday after spooked customers began a run on their deposits. That run began a downward spiral that ultimately led to the FDIC taking control of the bank to figure out how to pay back its roughly $150 million in uninsured deposits. SVB’s swift downfall was the largest for such an institution since the 2008 global financial crisis.