Elon Musk Makes Damning Accusation Against Banks

Published by
The Street

By Luc Olinga Billionaire Tesla CEO accuses banks of being incompetent to manage their own investments that often amount to hundreds of billions. Banks have been experiencing a crisis of confidence since Mar. 10, the biggest since the 2008 financial crisis which slowed down the world economy and threatened the collapse of the global financial system. This new crisis was caused by the sudden collapse of Silicon Valley Bank (SIVB) – Get Free Report, which provided specialized financial services, industry expertise, a valuable network, and a strong reputation to startups, biotechs and also ventur…

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