How Silicon Valley Bank Collapsed ft. Joseph Politano
The New Liberal Podcast
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The VCs Were Wild This Weekend, Man.
On Friday, we knew that Silicon Valley bank had gone under. There was concerns about contagion to several other banks,. mostly regional lenders and banks that would have some relation to the tech industry. In the over the weekend, the FDIC closed Signature. That was done likely because Signature had a mass of uninsured depositors. And in this weekend, you had Federal Reserve and the Treasury coming up with a new fund where banks will be able to access liquidity more easily.
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