Template:Disaster roll - SVB memeplex

From The Jolly Contrarian
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|Silicon Valley Bank memeplex||2023||US|| $80bn or more|| Dopey bank management, regulator asleep at switch, Peter Thiel panicking||Bank insolvent. Bondholders and shareholders wiped out. Other banks levied. Triggered other moral panics such as First National, Signature bank and others (poor old lucky Credit Suisse)||None yet. Lots of arguments about the presence or absence of moral hazard. Moral panic more like.