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CD94: Bank Crisis and Bitcoin with Jesse Myers

Citadel Dispatch

CHAPTER

What's the Difference Between Silicon Valley Bank and FTX?

Silicon Valley Bank grew their deposit base by, I think, 200% or so. And what a bank has to do is put those deposits to work. So they lent money to the government for 10 years at 1.5%. Which they thought was a great rate a year ago. They're still sending them out now. The latest rumors are that they might be trying to write the ship entirely.

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