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folks who still believe the noise about $SIVB just being duration mismatch: have you considered this?
get depositor money →
lend VC cash →
VC funds co. →
VC requires co. keep deposits at $SIVB →
voila! yr loan is now a deposit in yr bank
...which you can lend out again
get depositor money →
lend VC cash →
VC funds co. →
VC requires co. keep deposits at $SIVB →
voila! yr loan is now a deposit in yr bank
...which you can lend out again
look at the $SIVB balance sheet anon. here I'll make it easy for you: 
🧵 When $60 billion in Ponzi scheme loans to tech bros & crypto crooks go bad (and we'll know how bad once the auction prices come out) who foots the bill anon?
Every American with a bank account will. Maybe not in taxes, but in bank charges. #VentureSocialism
Every American with a bank account will. Maybe not in taxes, but in bank charges. #VentureSocialism
