4 ms·
What you said is true. But the aggravating factor is that the vast amount of their deposits was VC money fueled by QE and "easy money" that was no more. Even w
by hnfong 3y ago
What you said is true.
But the aggravating factor is that the vast amount of their deposits was VC money fueled by QE and "easy money" that was no more. Even without a bank run in the first place, the total deposit amount would drop significantly, and easy to put two and two together and realize SVB is in trouble... and then the bank run becomes inevitable.