Understanding How a Bank can Fail
The Cloudcast
00:00
What's the Worst Thing About Silicon Valley Bank?
The worst thing that can happen to any bank, not just Silicon Valley Bank, but any bank is to have what's called a run on the bank. Many of the people who had deposited their money were either told by their VC investors or they were reading Twitter. The FDIC and the regulator step in and say, we are, at least temporarily, sort of shutting you down and we're taking over your operations.
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