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The Lender of Last Resort (EP.300)

Animal Spirits Podcast

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How to Prevent a Capital Raise in Silicon Valley?

Sally Kohn: Big money is definitely getting whipsaw to smithereens. We got an email from a Silicon Valley bank employee that I want to share commented on some of the stuff that we discussed last week. She says they actually did not anticipate it around the bank. Here's how we know. On Wednesday night, they announced the bonds had been sold and said they were working on closing the capital raise. They felt that their community would understand and sick buy them for a few days while it got finalized. That was another error in judgment. This person who emailed us, I wrote them back. They just settled this up and I said, how are you doing like personally

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