@ryanfmason
Kind of insane this isn’t being talked about anywhere on here.
Basically the story is:
>Silvergate is intentionally killed by OCP2.0 (pressure from the Fed making it impossible to do business with legit crypto companies)
>Silvergate panic triggers run on Silicon Valley Bank
>SVB was then killed by Elizabeth Warren (via Gruenberg at FDIC) despite having several valid offers that could save it
>Political pressure rises to save SVB, but it’s not systemic. Signature bank is intentionally sent into receivership to trigger systemic status
https://open.spotify.com/episode/4IikHw4kXhtCc0qCoOBPO8?si=Aj0TD7LkSSWITBVrtgBXCA&context=spotify%3Acollection%3Apodcasts%3Aepisodes
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