The FDIC has created these dividend certificates, and the idea is that they can pay a dividend out on those certificates. The unintended consequence here would have just crazy things such as a SaaS company can't make its payroll or the SBB credit card gets shut off. There's just going to be story after story of weird unintended consequences when a company all of a sudden doesn't have access to its capital.
Kara, Scott, and William D. Cohan are back with a bonus episode to talk through Silicon Valley Bank’s 48 hour collapse. What does its fall mean for tech? Who's to blame? Will depositors be made whole?
You can follow William D. Cohan at @WilliamCohan.
We’ll be back with a regular episode on Tuesday!
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