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The Fed Raising Interest Rates on Silicon Valley Bank
I've been reading a couple different angles on what might have triggered the bank run ish on Silicon Valley Bank. One of the things being Peter Thiel and a bunch of the rich guys getting mad that they had their money locked up for 10 years at only 2% in these bonds. And so they just made calls to each other and said, Hey, why don't we all take our money out in unison? That caused a big issue. I've heard other analysts say that this was the rich venture capitalists taking a shot at the Fed for raising rates because they've gotten so greedy. They rush the kids out of the banking system right when interest rates are coming up where you can actually make