If the startup has no operating cash the equity collateral has a known value of 0. Buying SVBs loans make no sense unless SVBs customer liabilities (eg tech de

If the startup has no operating cash the equity collateral has a known value of 0. Buying SVBs loans make no sense unless SVBs customer liabilities (eg tech deposits) are guaranteed. I think we will see fed and regulators coordinate a shotgun wedding between SVB and one or several TBTF banks to stem contagion by Monday if not sooner. If not - tech (and the wider market) will be in existential crisis.