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Being a crypto-focused bank carries most of the same risks as being a startup-focused bank (But worse), and in case anyone missed the news the other week, one o

by vkou 4y ago

Being a crypto-focused bank carries most of the same risks as being a startup-focused bank (But worse), and in case anyone missed the news the other week, one of those just exploded with what could have been a much bigger hole on its balance sheet had the FDIC waited.

sgammon 4y ago
that explosion had very little to do with being exposed to the risk of startups
- vkou 4y ago
  It had everything to do with it. If SVB diversified its depositor base, it wouldn't have gone bankrupt.
  - sgammon 4y ago
    their depositor base could have been anything, it was their purchase of 10yr bonds at large volumes which caused them to collapse, i thought?