Why SVB imploded

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A person reads a notice posted on the front doors of a Silicon Valley Bank branch that reads "FDIC Acts to Protect All Depositors of the former Silicon Valley Bank, "Santa Clara, California," in Pasadena, Calif., on Monday, March 13, 2023. The U.S. government announced a plan late Sunday meant to shore up the banking industry following the collapses of Silicon Valley Bank and Signature Bank since Friday.
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