March 5, 2024

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Silicon Valley Bank was a hedge fund `in drag,’ consultant says

Silicon Valley Bank was a hedge fund `in drag,’ consultant says

Silicon Valley Bank was a hedge fund `in drag,’ consultant says

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The now defunct Silicon Valley bank was a “hedge fund in drag,” according to banking consultant Chris Whalen, chairman of Whalen Global Advisors.

“Why did they go long mortgage backs,” Whalen said in an