SVB depositors, investors tried to pull $42B Thursday
So the VC thinkbois basically created a run on SVB. Nice job guys!Anyway, the only rational voice I've been hearing so far is Bob Elliott (used to be on the IC at Bridgewater/advisor to Ray Dalio and taught multiple courses on the banking system) - https://twitter.com/BobEUnlimitedProbably a good idea to just ignore all the moronic VC threads and fintwit influencers.It seems like the most likely scenario is that depositors will be made whole quickly and equity holders will get fucked since SVB's balance sheet looks pretty strong. Matt Levine came to the same conclusion.