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Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation
@stevenray @md Right? But it looks like they made some really bad bets. Too aggressive at the wrong time.
https://www.nytimes.com/2023/03/10/business/silicon-valley-bank-stock.html
The New York TimesSilicon Valley Bank Fails After Run on Deposits
@Defiance @stevenray
Risky bets with highest fed interest rate increase in over 10 years.
@md @stevenray Well, they lived up to their name 
