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2min chapter
The Disrespected
Risk of Ruin
Wells Fargo Buys Silvergate Bank
The peak price of Silvergate stock was about $200 a share. The deferred tax assets not worth a shit that gets you to negative 14. They don't have the deposits anymore to run a bank, and they're rating it Moody's. Anyone who has more than a quarter of a million dollars at Silvergate is looking for trouble.
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