That last part is key: investors panicked. One of the articles I linked earlier in this thread mentioned that Goldman Sachs had secured the capital the bank would need to survive hours before the bank run. Then, investors panicked. By end of the day Thursday, the bank was $938 million in the red, but that was after a 25% drawdown. Remember those stress tests after the 2008 meltdown? #SVB would have passed them with flying colors up to the "Severe Stress Scenario"
Why mention this ^^ because the spin cycle is at work— I've lived through this bullshit 3 times already. The playbook is *always* the same: blame everything *other than* the lack of regulation and lackluster enforcement. Find shameless, clout-seeking useful idiots to amplify, give them fancy sounding titles, and run their hot takes on a loop until the public accepts the "need" to bail out the billionaires that manufactured the mess. Let's not get fooled again.
#SVB