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Re:How deep is the rot in America’s banking industry? by tptacek on Thursday March 16, 2023 @02:22PM (#35186074)
I don't know either. I've been wondering if it's largely because SVB is a weird bank. They were huge --- larger than American Express --- but with an unusually small and extraordinarily correlated based of depositors. I think it's hard to understate just how strange SVB's customer base was; the closest analogy I can come up with is the Last of Us zombies, all perfectly connected with fungus hyphae.

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