**RT @jonwu_:**
The 20th largest bank in the US was just closed by California state regulators.
Silicon Valley Bank was rumored to be in a sale process to protect its depositors.
Now, it's the second biggest banking failure in US history.
All because of a secular bet against rising rates:
https://nitter.moomoo.me/jonwu_/status/1634250754486857729#m