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The Panic of 2023 (EP.299)

Animal Spirits Podcast

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Silicon Valley Bank

If the Fed and FDIC in the treasure did not do what they did, if they did not act on Sunday night, would have acted by Tuesday morning or Monday night because it would have been chaos. The funny thing is, I had this similar thought with my wife this weekend where she never thinks about the stock market. So why do people care about a bank for startups? It's much bigger than that. Silicon Valley Bank was founded in 1983 to serve the tech world.

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