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The Street
The Street
By Tony Owusu The investing genius isn’t always right. SiliconVB Financial Group (SIVB) – Get Free Report has been the talk of Wall Street after crashing 60% on Thursday after the venture capital finance bank announced significant losses on its portfolio. CNBC’s Jim Cramer, who has been a fan of the troubled bank previously, is playing clean up after his previous advocacy for it. “Yes SVB is a bank but not all banks are like SVB and almost none use pre-ipo shares as collateral. However, many are underwater in treasurys,” Cramer stated to start off a series of tweets on the subject. SVB’s stock…