Billionaire investor Leon Cooperman says the US is going through a 'textbook' financial crisis and the S&P 500 won't hit a new high for a long time
following the takeover by UBS announced over the weekend.
"It's kind of like textbook," Cooperman said."We have a self-induced crisis by irresponsible fiscal and monetary policy [over] the last decade. I did not forecast the [SVB] issue, but I did have a view that we were heading into a crisis of some kind, and we're seeing it."
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