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Economy
Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.
Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.

Justin Sullivan/Getty Images

  • The federal government is bailing out Silicon Valley Bank's customers.
  • But it's not a repeat of the 2008 financial crisis, when the government stepped in to support the US banking system.
  • The US should be able to avoid a repeat of the Great Recession.

The US government is bailing out a bank's customers — but that doesn't mean another Great Recession is imminent. 

Tags
economy, Markets, Silicon Valley Bank, Bailout, Great Recession, Treasury Department, Banking, JPMorgan
Source
Relax, SVB's implosion is nothing like the 2008 financial crisis, and the econo…