This is CBS, I Am the World, I'm John Batchley, the Silicon Valley Bank, affectionately

called SVB. The federal regulators, the California regulators, closed down the bank some days

past. What is to be done with the pieces of the closed down bank, given that its very

high profile had to do with startups, innovative firms, Silicon Valley as the name of the

bank, and the tech geniuses of these last decades. I welcome Emily D. Liberiaire, who

is a senior fellow at the foundation for the defensive democracies. Focus on China.

She and her colleague Nathan Piccarsick, planning a piece for the Hill, some days past, about

what to watch for as SVB's pieces are moved to the marketplace and then sold to investors.

As the plan is not complete yet, but it's the plan. Emily, a very good evening to you.

You are co-founders with your colleague Nathan Piccarsick of Horizon Advisory. I take this

because you watch China very closely for as a consulting firm and as a fellow at the

foundation for the defensive democracies. What was your immediate thought when you heard

that SVB with all of these startups? I don't know how many there were. Certainly, 94% of

the depositors were above the $250,000 insurance we're told. We're talking about well to do people

who have been funded or making money now. What was your first thought when you heard that SVP

was to be sold? Good evening to you, Emily. Good evening and thank you for having me.

I think my first thought, and this probably shows how what staring at China for the past

decade has done to my brain. My first thought was here's a moment of disruption in the US

technology innovation startup ecosystem. This is a moment that China is going to try to take advantage

of. Beijing is adept at seeing crisis or chaos or change in the United States in the international

system and jumping in to find footholds and advantage wherever it can.

The example you offer is a firm that I'd forgotten existed, but it's wonderful to find it again

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