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Prudent Capitalist

03/10/23 1:29 PM

#119495 RE: GREAT WHITE #119493

Interesting news of the day but the SVB situation has absolutely nothing whatsoever to do with AMC. The reasons for the failure are well documented. With the Fed raising interest rates SVB got in trouble with its bond investments used to support deposits and then depositors withdrew funds from the bank. Sadly, a number of start-up companies in Silicon Valley will now not be able to make payroll next week. But no application to AMC or its current sad situation.