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Saturday, 03/11/2023 4:57:27 PM

Saturday, March 11, 2023 4:57:27 PM

Post# of 28111
I have been watching the collapse of Silicon Valley Bank and the implications to CLNV are very concerning. If the Fed does not step in by Monday and guarantee the money of depositors at SVB then loans to small startup companies like CLNV will either become nonexistent or extremely expensive.

This risk applies not only to CLNV but many small and midsized companies that need loans to meet their expenses. Keep a close eye on the Fed over the next few days. If they step in with guarantees for deposits of at least $25 million then the danger will pass. If the Fed does nothing, we’ll look out. We could be looking at a banking crisis every bit as big as 2008.
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