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Last Checked March 17, 2023

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Sat Mar 11 01:09:29 +0000 2023

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rat king πŸ€ @MikeIsaac

@jduffyrice in short, the premier startup bank of silicon valley made very bad bets on certain bonds while the fed raised interest rates, compounding those losses β€” when everyone sorta woke up to that, all the VCs freaked out and told their portfolio companies to withdraw all their $ — PolitiTweet.org

Posted March 11, 2023