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Thanks Charles. I do happen to know one of the VCs who was telling his CEOs to take their money out—it was about preserving the viability of theses startups. I agree there's a huge issue by guaranteeing all deposits—it takes away the incentive for banks to manage their risks.

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Stephen Foerster
Stephen Foerster

Written by Stephen Foerster

I’m an award-winning author and Finance prof, CFA. I write stories about investing and investment history. (I don’t give financial advice.)

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