The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Lieberman: Founders in a single group chat pulled $2B from SVB
“There was one group chat I'm in. There's a post exit founder group chat I'm in. Just in that group, there was like a tally taken of how much money was taken out by just those founders, and it was two billion dollars of deposits.”
Pujji predicts SVB uninsured depositors won't see funds for 3-6 years
“People have told me three to six years, like, we're not going to see that money for three to six years.”
Pujji: SVB's headwinds justified shorting the bank, not FDIC receivership
“Now, all of that is a good reason to short a bank and make money off the equity being worth less. None of that is a good reason for Silicon Valley Bank to now be in receivership.”
Lieberman: SVB's founder and VC focus created systemic trust risk
“An inherent embedded risk to Silicon Valley bank is it's implied in the name. Like they've always been considered the bank of founders, startups, and VCs. And so like, there's actually a ton of inherent trust risk baked into that because it doesn't take long f…”
Pujji left $1M in SVB and was unable to wire it out
“Yeah, so, you know, we left a million bucks there. We tried to wire it today after that announcement, and it's not getting wired, obviously.”
Lieberman: Roughly $176B of SVB's $180B in Deposits Were Uninsured
“A hundred and eighty billion of deposits, something like a hundred and seventy six billion were uninsured because all, you know, the only thing that's insured is the 250 K.”
Gagliardi: Bottom 100 S&P 500 Names Make Up Only 3-4% of Index
“The bottom hundred is about three or four percent, so if a name from the bottom hundred goes bankrupt, as we did see with Silicon Valley Bank or First Republic Bank, they were one 100th of a percent of the portfolio.”
Pujji: SVB Deposits Surged From $60B to ~$200B in Under Two Years
“And Silicon Valley Bank's deposits went from something like sixty billion dollars to like two hundred billion dollars in less than two years.”