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US Plans Emergency Measures To Backstop Banks after SVB
This article goes into more detail than I have seen elsewhere about the politics of the 2018 changes in the banking regs that allowed SVB to escape regulation, and how easily the startups etc could have protected their funds. It also implies that SVB prevented them from using multiple other banks ( with InfraSweep).
We still dont know how many of these accounts were really “ small businesses”. Roku apparently had half a billion dollars on deposit without any protection
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