Another Biden equity hire announcing the SVB collapse is no big deal.

SHOCK: Silicon Valley Bank's Manhattan branch calls COPS on investors trying to pull their cash out as Boston tech CEO with $10M in bank describes 'worst 18 hours of my life': Lender is SEIZED by regulators in largest US bank failure since Great Recession.
https://www.dailymail.co.uk/news/article-11845495/Silicon-Valley-Bank-branch-calls-NYPD-tech-investors-tried-pull-cash.html

Silicon Valley Bank meltdown sparks contagion fears: ‘We found our Enron’
https://nypost.com/2023/03/10/silicon-valley-bank-meltdown-sparks-contagion-fears/

Silicon Valley Bank and Silvergate won't wreck the economy. They failed because the economy is already wrecked.
https://www.vice.com/en/article/v7b4jx/silvergate-svb-failing-banks-economy