#398 w/Allison Schrager - "The Horrible, No Good Economy: A Primer”
The Fifth Column
Is It Possible That Banks Collapse?
Only 11% of the depositors are, you know, sort of ordinary people. They're mostly Silicon Valley's. And this does have a ripple effect amongst a bunch of Silicon Valley startups who don't make anything of consequence and don't make any money anyway. I think if that would have happened, they wouldn't have done it. The concern was the optics of a bank failing could mean other runs on other banks.
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