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E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
All-In with Chamath, Jason, Sacks & Friedberg
Silicon Valley Bank
CNN's John Sutter says Silicon Valley Bank has frozen the accounts of its large portfolio holders. The bank is trying to sell these assets, but who do you think will buy them? It could take weeks or months to figure out how many cents on the dollar you have, Sutter says. " FDIC is going to liquidate everything"
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