4min chapter

The Compound and Friends cover image

The Bank Run of 2023

The Compound and Friends

CHAPTER

Is This a Bailout?

The FDIC, the Treasury and the Fed stepped in to bail out Silicon Valley Bank. Peter Bergen: The government did the right thing; it would have created a huge systemic issue. He says depositors are not just tech bros but people who run companies that work for startups. Bergen: It's preferable to having every regional bank go to zero and all deposits up in the air.

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