3min chapter

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Silicon Valley Bank’s Downfall

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CHAPTER

The Fed Should Buy Up Silicon Valley Bank

A coalition of VC firms, including Lightspeed Venture, put out a statement saying they'd urge their portfolio companies to resume business to the bank if it's purchased and fixed. Elon Musk said he's open to buying Silicon Valley Bank and making it a digital-only bank. The bank has specialized clientele funding startups and tech projects know very well.

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