WTF Is Up With the Silicon Valley Bank Bailout?

Collapse. It’s the word on everybody’s lips. Silicon Valley Bank and Signature are no more. The banks, folks, they’ve collapsed. But don’t worry, these aren’t your typical banks. SVB and Signature were not the kinds of places working class folks were holding checking accounts. These were massive institutions that propped up America’s ailing tech sector. If you’ve been hustled by an NFT startup in the past year, there’s a good chance it had deposits at SVB.

But now they’re gone …

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