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Silicon Valley Bank Collapse FAQ: Whose Fault Is It? How Can We Stop a Bank Panic? What Comes Next?
Plain English with Derek Thompson
Silicon Valley Bank Convinced Silicon Valley That It Was One of Them
There's echoes here of the crypto crash and of Elon Musk walking into the leverage buyout buzz saw math at Twitter. So much of it was enabled by Silicon Valley bank, you know, like the tech sector would not be what it is today without this bank. The fact that the first three banks to fail were number one shows that actually we need these institutions of the 20th century.
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