Famous American actress and producer, Sharon Vonne Stone, cried at a fundraising event for Women's Cancer and revealed that she recently lost much of her money after the failure of a bank presumed to be Silicon Valley Bank.
The artist was receiving the Courage Award at the Women's Cancer Research Fund (WCRF) fundraiser on Thursday, when she acknowledged that she struggled to make the decision to donate because she recently lost "half" of her money to a "banking issue."
"I know that thing that you have to get on and figure out how to text the money is difficult. I’m a technical idiot, but I can write a f–king check. And right now, that’s courage, too, because I know what’s happening. I just lost half my money to this banking thing, and that doesn’t mean that I’m not here," she said on stage as tears escaped her eyes.
Although Stone did not specify which "banking issue" she was referring to, she did deliver the speech shortly after the collapse of Silicon Valley Bank.
Sharon Stone breaks down in tears asking guests to donate more money. She says writing a check for her requires courage since she “lost half my money to this banking thing,” presumably referring to Silicon Valley Bank collapse. “This is not an easy time for any of us.” pic.twitter.com/ZTSP5TQ2od
— Chris Gardner (@chrissgardner) March 17, 2023
Biden affirmed that the banking system is secure
The Golden Globe winner would only be one of those affected by the banking system that Joe Biden says "is safe".
"Americans can have confidence that the banking system is safe. Your deposits will be there when you need them," the president said after the bank collapse caused a wave of withdrawals across the country.
It should be recalled that SVB was the sixteenth largest bank in the country with approximately $209 billion in total assets. In fact, the bank's collapse became the second largest failure since the U.S. economy was in the midst of the Great Recession in 2009.
