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Silicon Valley Bank Collapse FAQ: Whose Fault Is It? How Can We Stop a Bank Panic? What Comes Next?
Plain English with Derek Thompson
The Biggest Bank Run in American History
This is the largest bank run in American history. The Fed did a bunch of things last night that have helped and should help, though clearly not quite enough yet. Silicon Valley Bank bought basic treasury bonds that got smoked by widely telegraphed rate hikes. It's kind of astonishing looking back and seeing just how obvious their balance sheet problems were.
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