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Silicon Valley Bank's Failure
Most depositors aren't leaving their bank. Most people are pretty lethargic when it comes to moving their deposits to an alternative source. The interest rates they have are not the interest rate you can get on a money market fund or on a treasury security. So I think there were definitely red flags here. It wasn't just as you played out the loans from the federal home loan bank. They hadn't been a year ago. And that should have been a red flag telling people may be a liquidity issue here.