01 / recommendation
They would’ve had a haircut. But then, Tyler, I think the key point that Sheila makes is, you should have insured all the other banks so that, in other words, uninsured deposits at Silicon Valley Bank would’ve had losses.
“They would’ve had a haircut. But then, Tyler, I think the key point that Sheila makes is, you should have insured all the other banks so that, in other words, uninsured deposits at Silicon Valley Bank would’ve had losses.”
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- Simon Johnson
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- Conversations with Tyler