My Silicon Valley Bank Fantasy Just Went Out The Window, Literally
It’s back to reality, my friends. US Treasury Secretary Janet Yellen just announced that she’s not in favor of a government bailout to Silicon Valley Bank. This means that my fantasy of a Silicon Valley Bank rolling around in a suitcase full of cash — the kind you see in the movies — is officially done.
Sadder, but Wiser
Of course, most of us weren’t counting on a big bailout for Silicon Valley Bank, but it’s still sad news. However, we’re learning that we all need to remember that hard times come and go and we have to be prepared to weather the storm.
What We Can Do Now
So what can we do now? There are a few things we can do to make sure the Silicon Valley banking system stays afloat and that we all continue to benefit from its amazing services:
- Be conscious of spending: It’s easy to go on a shopping spree when the economy is good, but it’s important that we be mindful of our spending and consciously choose to reduce our expenses when possible.
- Explore other options: Although Silicon Valley banking may not be the most affordable option at this time, there are other options out there that may provide better rates or more favorable terms. So make sure to do your homework and shop around for the best deal.
- Stay updated: Finally, make sure to keep up with any news and developments related to Silicon Valley banking. That way, if and when the situation changes, you’ll know and can make the necessary adjustments to ensure that you get the best possible banking experience.
Sticking Together
In the end, it’s up to all of us to pull together and ensure that Silicon Valley banking stays afloat. Everyone is feeling the impacts of this pandemic, and Silicon Valley is no exception. So let’s all do our part to ensure that Silicon Valley banking continues to serve our community and make sure they can keep the doors open. Who knows, maybe one day I’ll still get to have my Silicon Valley Bank cash haul fantasy after all!
