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E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
All-In with Chamath, Jason, Sacks & Friedberg
The FDIC Shuts Down Silicon Valley Bank
The FDIC has shut down Silicon Valley bank. "This is basically a Lehman sized event for Silicon Valley," says CNN's John Avlon. The impact on the startup ecosystem could have a very damaging effect, he adds.Avlon: Unless the Fed steps in here over the weekend, we're going to see potentially a run on the regional banking system.
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