#398 w/Allison Schrager - "The Horrible, No Good Economy: A Primer”
The Fifth Column
00:00
Is This a Silicon Valley Bank?
Tech firms who talked to each other a lot on social media and they started whispering, we should get our money out. 11% were under the FDIC limit of $200,000, 11%. That's a Silicon Valley bank, right? The odd thing about this is Goldman Sachs doesn't come to a conclusion with them. But then buys their bad debt and makes $100 million on fees from it.
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