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This is completely wrong. This was a classic bank run caused by the startups banking with SVB switching from net depositors to net withdrawers as they aren't ab
by adamsmith143 4y ago
This is completely wrong. This was a classic bank run caused by the startups banking with SVB switching from net depositors to net withdrawers as they aren't able to raise in the current environment and obviously none of them actually make money. The withdrawals start, there was a liquidity and then a panic and boom bank dead.