2min chapter

Americast cover image

"Marianne Williamson For President"

Americast

CHAPTER

The Uninsured Deposits at Silicon Valley Bank

Brad Setzer is a former staff economist at the US Department of the Treasury. He says Silicon Valley Bank had an exceptionally large share of uninsured deposits. It banked the tech sector, the VC funded sector and would draw down money to invest in companies that were just getting up and running. But they did pretty unwisely when it came to taking on new loans from these start-up firms as their business expenses grew.

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