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Silvergate and the Risk Management of a Bank
The causes of the demise of each of these were a little bit different. I was just curious for each of your opinions, what do you each think took Silvergate down? In my view, the Silvergate situation is duration mismatch on assets and liabilities. The issue with silvergate is crypto is a hot ball of money, right? Crypto deposits are very volatile. And particularly over the last six months, people who may have historically held really large cash balances on deposit are now looking to draw them down.