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  1. From what I've read, many of SVB's VC clients...

    From what I've read, many of SVB's VC clients were in a group chat and discussion turned to SVB's problems and they started pulling their accounts. Peter Thiel sounded the alarm on Twitter.
  2. Bold emphasis is mine: ...

    Bold emphasis is mine:


    https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm

    The Fed has essentially announced that they are going to backstop 100% of depositors...
  3. SVB - second largest FDIC insured bank failure since WaMU

    The Fed's rising rates set us up the bomb:

    https://techcrunch.com/2023/03/09/silicon-valley-bank-shoots-self-in-foot/

    Mini bank run ensued making SVB balance sheet hole even worse:
    ...
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