Silicon Valley Bank’s collapse & Signature Bank

[gabester]

There's little systemic risk here but there may be ripples that create additional discontinuities... e.g. if the startups can't access their funds or the VCs can't transfer to them or the tech workers don't get paid we could see a regional slowdown... which could dull California's economy overall, and could couple with other unexpected events.

By itself SVB and Signature are just failures. Imagine if we'd canceled the FDIC and Federal Reserve like some people say they want to do... it'd be the wild west all over again.