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Should be a marketplace for buying receivership certificates for SVB deposits

6 points by mgav ↗ HN
There should be a marketplace for buying receivership certificates for Silicon Valley Bank deposits at a discount.

This would allow a firm with $10 million in deposits to instantly get $7 million or so of actual cash.

Painful, but market-based (w/ no bailout).

Thoughts?

2 comments

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andrewfromx
Yes, like https://pipe.com/ for SaaS companies! In fact, maybe pipe could do just this!

(Assuming pipe didn't have all their money in SVB...)

mgav
Oh, that's a good analogy. Thanks!