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willmadden
on March 11, 2023
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FDIC Takes over Silicon Valley Bank
It's a minimum of 85% uninsured from a recent regulatory filing:
https://time.com/6262009/silicon-valley-bank-deposit-insuran...
The equally bad part is that lines of credit that startups were drawing from are wiped out.
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The equally bad part is that lines of credit that startups were drawing from are wiped out.