Peter Thiel's Founders Fund pulled cash from SVB before collapse: Report
I'm a bit confused by some of the discussion here. Many people talk as if there was factually no underlying issue with the bank, and the run was caused purely by panic. For that to be true though, I think the rationale presented alongside the urging to pull out would need to have been fabricated, or "mistaken". But I haven't seen anyone explicitly claim that. Am I missing something? Is there just a lack of general understanding of the prisoner's dilemma?