by Michael Snyder
The Economic Collapse Blog
The widespread panic that we just witnessed is definitely not what the bureaucrats at the Federal Reserve were anticipating. Following the second largest bank collapse in U.S. history on Friday and the third largest bank collapse in U.S. history on Sunday, the Federal Reserve unveiled an unprecedented rescue plan that was supposed to end the banking panic. If you have not seen it yet, you can view the details on the official website of the Federal Reserve right here. The most important part of the plan is the Fed’s decision to fully guarantee all of the deposits at Silicon Valley Bank and Signature Bank. As Goldman Sachs CEO Lloyd Blankfein explained on Twitter, this bold course of action was supposed to have “removed reasons for bank runs”…