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Pirates of Finance
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Silicon Valley Bank and the Liquidity Cascade
I would say still looking to Valley Bank is something close to me. To speak both in proximity and fills up would be in the Bay Area. So you're seeing a cascade from these banks that have helped out VCs whether that's silver gate now we're seeing with Silicon Valley bank. And then it's kind of cascading into over other California banks like signature and first republic, but at the same time as everybody knows since the GFC they are really well capitalized so we'll see how regionally effective this is.
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