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This is NOT 2008 | Harris Kupperman
Forward Guidance
VC Groups and Bank Runs
Bankrooms have existed for a very long time. But there's something about the nature of all these venture capitalists pulling all of their money within just a few hours that the FDIC took it down in the middle of the day, which I think it likes to do. If my bank here had a bank run, I'd have to actually go to the bank and do something. It's very different. Couldn't care less that he thinks cultural as much as it is technological.
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