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Short Seller Carson Block Says SVB Depositors Should Have Taken Haircuts

Short seller Carson Block said depositors at Silicon Valley Bank and Signature Bank should have taken haircuts after federal regulators seized the troubled lenders.

“When you look at Silicon Valley Bank, to me this ended up being not just a bailout of the depositors, but it was really a bailout of venture capital funds,” Block, founder of Muddy Waters Capital, said in an interview Thursday on Bloomberg TV.

SVB Silicon Valley Bank
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