4min chapter

Odd Lots cover image

Steve Eisman on Banks, AI and His Next Big Bet

Odd Lots

CHAPTER

The Financial Crisis of Silicon Valley

Steve Eisman is a senior portfolio manager over at New Burger Berman. He says the problem with Silicon Valley was that all their depositors were essentially one. The venture capital companies had to pull their deposits out of the bank, he says. "I don't think it's unlikely, I think, at this point that anybody else is going to go under"

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