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@arish
Arish Ali
@arish · 2:03

The collapse of Silicon Valley Bank - are you worried about your bank?

article image placeholderSilicon Valley Bank collapses after failing to raise capital | CNN Business
But this has been truly a shocking event today. And it really makes you wonder, like if something that is as well respected this is kind of like Lehman brothers companies which you would never think would suddenly go under. When they go under, it shakes your faith in the system. So I just wanted to find out from my listeners here what did you think about this event? Were you expecting it, were you following it or you're not even aware of it?

#newsworthy https://s.swell.life/STY8kUSHSNbT6nj

@arish
Arish Ali
@arish · 0:16

https://s.swell.life/STYDlXxCp29Irei

Just wanted to add to this with this Twitter thread by Paul Krugman. It's worth the read. As per him. It does not look like there's a bigger systemic problem here. However, he could be wrong, as he points out himself. But the thread is worth the read
@arish
Arish Ali
@arish · 0:49

Rueters article about Moody’s https://s.swell.life/STYEumnJUNqI4es

And even though that health, I mean that is what ended up doing in terms of the downgrade from Modi's, they only got one notch below rather than multi notch dengue from Modi's but the sequence of events after that and other news kind of went out. That is what kind of led to the whole collapse. So read this article despite some really useful context on what started the whole sequence of events
article image placeholderSilicon Valley Bank's demise began with downgrade threat
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