Welcome to The Liquidity Event, where Biden plays Robin Hood with billionaire taxes and rich investors get a reality check. Watch Stripe's casual $6B fundraise, while Twitter chuckles over the IRS's "honor among thieves" income reporting. Witness the birth and death of a startup bank and grab tissues for the SVB soap opera with insider trading, lawsuits, and explosive balance-sheet revelations. So, tune in for your fill of money misadventures and satirical Silicon Valley sagas!

Links

• Biden to Urge 25% Billionaire Tax, Levies on Rich Investors

• Stripe’s Fundraise to Reach $6 Billion

• Twitter has field day over IRS’s call to report income from crimes

• Startup Bank Had a Startup Bank Run

• Silicon Valley Is Where Banks Go to Die

• SVB execs sold $84 million in stock over the past 2 years, stoking outrage over insider trading plans

• Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors

• Silicon Valley Bank parent, CEO, CFO are sued by shareholders for fraud

• SVB’s Balance-Sheet Time Bomb Was ‘Sitting in Plain Sight,’ Short Seller Says

• U.S. Is Said to Open Investigation Into Silicon Valley Bank Collapse

 

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