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by mrkurt
1194 days ago
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SVB was the place investors told companies to put money. SVB was also somewhat difficult to work with, they created a tremendous amount of pressure to do all your banking with them. And SVB didn't have products that would help you maximize FDIC insurance. It wasn't exactly predatory, but they set everything up to leave everyone very exposed to SVB issues. I think on purpose, just to maintain power in the ecosystem. |
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