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ABC News
ABC News
Business
business editor Ian Verrender

The collapse of Silicon Valley Bank reveals cracks in a system that leans on government bonds

Silicon Valley Bank Bonds SVB United States FTX US Federal Reserve Crypto SBV
The sudden implosion of SVB has its roots in US government treasuries. (Reuters: Nathan Frandino)

The irony of it all.

Unlike the debacle surrounding the collapse of Sam Bankman-Fried's crypto kingdom FTX late last year, the sudden demise of Silicon Valley Bank (SVB) last weekend has its origins at the other end of the financial spectrum.

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