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moral hazard

Chaos exposes nasty $19 trillion problem

The US government’s reaction to the collapse of Silicon Valley Bank (SVB) could spark a dramatic crisis. Finance analysts are warning that while the intervention may have prevented an immediate problem, it could wreak havoc in the future.…

US system ‘breaking down before our eyes’

The collapse of three major US banks has sent a shockwave through the US, with critics of the financial system worried the government’s bailout will cascade into something far worse.The failure of both Silicon Valley Bank and the New…