O'Leary's Shark Tales: ND's Development Fund Manager Loses $10M in SVIB, Citizens Notice Pattern

Another appointed leader in North Dakota learns how to profit off the state's Fail Forward Program in order to Find the Good Life.

First, here is a quick breakdown of the Silicon Valley Investment Bank collapse.

1. Rumors emerge that SBIV faces interest rate risk on $91 billion in bonds.

2. VIB announces fire-sale of $21 billion bond portfolio.

3. Bond portfolio sale takes a massive $1.8 billion loss.

4. SVIB announces $2.3 billion share sale to cover bond losses.

5. Bank run begins …