
Proper bankers drove these – the Packard De Luxe Eight Model 904Source: Lars-Göran Lindgren Sweden
Silicon Valley Bank (SVB) was at first sight a splendid 21st century replica of the 18th century Country Banks that fueled the Industrial Revolution – it was local to Silicon Valley, supremely attuned to the major industry in its locality, and easy for that industry to deal with. So why did it fail? The answer is complex and leads us to a number of reforms that are needed to today’s banking scene. Continue reading