
Go Ahead, Call It A Bailout
Political Gabfest
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SVB, the 16th Largest American Bank, Collapsed
SVB was a bank that lent a lot of money to startups. The executives of SVB claimed they were taking very moderate risks. But what happened when the Federal Reserve started raising interest rates to bring down inflation was it hammered the price of those bonds. And then we had a classic bank run in which different clients of the bank were worried that they would be last in line to get their money out and there would be no more money, says David Frum.
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