Re:FDIC Takes over Silicon Valley Bank
by martythemaniak on Friday March 10, 2023 @01:36PM
(#35098874)
Yeah, it seems companies should be mostly fine. Like you had 10 million in cash yesterday, but now you get 10m in 10y TBills, which you have to sell for $9m to get your cash back. It sucks but it shouldn't change the trajectory of your startup.
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