March 31 There have been many rumors around that the banking problem this month have come through social media, with Twitter often accused. Congress seems quite interested in pursuing this avenue. Meanwhile, Bloomberg reports that it wasn't (open) social media that was the problem, but rather (closed) thing like chat rooms, What'sApp groups, and old-fashioned phone calls. Check out " SVB’s Demise Swirled on Private VC, Founder Networks Before Hitting Twitter " for interviews with people who were caught up in this new type of bank run. March 29 No, it's not normal for me to be doing so much about a banking crisis in 2020, but it is the big macroeconomic news lately. This week we're learning that FDIC had finally found a buyer for the American portion of Silicon Valley Bank (SVB). Emphasizing again, when banks go bankrupt, the money isn't lost (usually), but rather is in the form of other assets that aren't as liquid. So FDIC is usually looking for a buy
