The SVB Collapse shows U.S. Vulnerabilities Amid Great Power Competition

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Bank failures in the United States happen more often than one might think. According to the Federal Deposit Insurance Corporation, there have been 563 bank failures in the United States between 2001-March 2023, or about 25 per year. The fall of the sixteenth largest bank, the Silicon Valley Bank (SVB), is another piece of evidence for Minsky’s financial instability thesis—more about that in a bit. However, the timing of SVB’s collapse could not be worse. As the Joe Biden Administration focuses on winning the great power competition between major strategic rivals, the last thing America needs is the perception of a weakening U.S. financial system.

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Event Recap – April 15, 2024

On Tuesday, April 9th members Jermon Bafaty and Justin Freeh from BENS joined the Strategic Leaders International Course (SLIC), a 4-week program by USSOCOM for emerging leaders from allied nations. Alongside discussions on U.S. leadership…

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BENS Board Member, Denis Bovin

BENS Board member Denis Bovin has joined SHIELD’s National Security Advisory Board as a Senior Advisor. SHIELD is run by Co-Founder and Co-Managing Partner, Raj Shah, a California Member.

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BENS President & CEO, General Ray

BENS President & CEO, General Ray will be a keynote speaker for the 9th Annual Hemispheric Security Conference, The Hemispheric Security Conference (HSC) is an annual conference held where experts from academia, governmental…

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