,"I don't think Silicon Valley Bank is going under, but I also don't want to be the last one holding the bag." to close down the bank less than 48 hours after it announced its plan for a capital raise.
But that logic is faulty. Bank runs only happen because the people involved in them make them happen. SVB failed because you helped make it fail.
zero sympathy for arrogant tech vcs who kept all deposits in one bank
Trump took out Todd Frank in 2018. SVB would have never passed the stress tests. Trump signs the biggest rollback of bank rules since the financial crisis
That’s the reality of a bank run.
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