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BrandTheBroken t1_jcl12hy wrote

Reply to comment by talltim007 in Peter Thiel says he had $50M in SVB when it collapsed. by PossessionStandard42

True about the 250k, but that's temporary. SVB owns more than double the assets of what they would owe if they paid everyone out. So why did they need to step in?

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talltim007 t1_jcl1ost wrote

Because trying to sell them all as fast as depositors withdrew them was impossible.

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