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John Oliver Guts SVB & Signature Bank Collapses, & Yes, There’s Another Fox News Shiv Too

March 19, 2023 by deadline.com

It looked like a good week for Fox News on Last Week Tonight with John Oliver today as the collapse of Silicon Valley Bank and uncertainty in the financial world replaced the searing revelations resulting from Dominion Voting’s lawsuit against the Rupert Murdoch-owned cable newser on the HBO series. Well, at least for a while. Promising “not to bore you with every little detail,” Oliver proceeded to rip and tear into the intricacies of investing in long term Treasury bonds and the losses piled up by the now failed Santa Clara, CA based bank as interest rates have risen over the past year or so. “It’s essentially a classic story of a bank doing a lousy job of judging and hedging against risk,” the multi-Emmy winner stated. And then, while that prickly lawsuit and embarrassing text chains by Tucker Carlson, Laura Ingraham and Sean Hannity weren’t in the spotlight, Oliver went right back to taking a whack at the Fox News piñata. “That is so stupid, I’m almost … [Read more...] about John Oliver Guts SVB & Signature Bank Collapses, & Yes, There’s Another Fox News Shiv Too

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