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@alicegoldfuss ("malice ghoulpus") retweeted:
@polotek ("Marco Rogers") wrote:
Good teardown of what just happened with Silicon Valley Bank.
with quote tweet:
The 20th largest bank in the US was just closed by California state regulators.
Silicon Valley Bank was rumored to be in a sale process to protect its depositors.
Now, it's the second biggest banking failure in US history.
All because of a secular bet against rising rates: