Jack Singh, an adviser at tech startup Avahi Inc., said he used money out of his personal account to cover the payroll for his employees after Silicon Valley Bank, the 16th largest bank in the U.S., shut down. Singh said his company has reached out to SVB to no avail.
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#SiliconValleyBank #Finance #NBCNews
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This should not be of surprised to anyone. The way things are going here in the US and the direction we are heading, I worry that there will be a time where the banks will go bankrupt and we will not be able to have access to our money because the banks will not have money to give us. So many people trust the banks with their money. I think it’s important to not put all your hardworking money in the bank. We should all have cash at home for when disaster hits.
Argentina all over again!? Hopefully not.
Who pays employees these days from a personal account.This gentleman is an anomaly in the current system where the greed index is up 9/10 days. Wishing him and his company best of luck
This is ridiculous
God bless him
Bankers. We all know, but do nothing.
US. media are trying to tell you that all Banks are different. If you put your money there in a collapsing bank, it's all your fault… Yeah! every bank may name it differently, but people's money is real and they want their money back!😐
I feel so bad for him. He looks so beaten up
Sad but at least Trump isn't tweeting
Now they know what a cab driver felt like when Uber destroyed his job. Or a mom and pop retailer having to shut down because high tech destroyed the retail business. Many of these high tech companies have created programs that eliminate must needed non replaceable jobs for millions of people that are now homeless because they cant pay the high rent in the areas the high tech companies move into.
Let him finish answering the first question b4 asking the second and third questions pls.
His son is 32 years old BTW.
FDIC find a buyer
FDIC has taken over.
Relax FDIC ok
We are all watching the FDIC right now!
Rugpull
Consulting means it is a scam business with no hope of ever making a real profit.
Another accomplishment of the biden regime its part of his fix the economy plan ! 😂
bitcoin
Hahahaha suckers
#Bitcoin 👈🏽👈🏽
Well, during the Davos Clusterscum, it was leaked that "It will start on a Friday"