"Peter Thiel started the bank run. All of his companies got their money out. Most of their competitors did not get their money out. Many of those competitors might not have survived the week of the FDIC hadn’t stepped in. …
"I’m not saying he nefariously intended to bring the bank down in order to gain an advantage over his competitors. … But the practical outcome would have been a massive, literal bank error in Peter Thiel’s favor."
Three thoughts on Silicon Valley Bank
This was almost a literal bank-error-in-Peter-Thiel’s-favor
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