2min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

The US Government Shouldn't Backstop Silicon Valley Bank

TARP was just over $400 billion. It actually returned a $15 billion profit to the American people. The US government could get some warrants on those companies or warrants and ownership in Silicon Valley Bank and make at least 50 cents on the dollar, maybe even double. But most importantly, this can easily be structured so that the American people return 20%, 30%, maybe even double their money.

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