Silicon valley VCs are spreading unnecessary fud about bank runs
It is becoming clear that most of depositors of svb will be made whole in coming weeks as FDIC does it's job. Most probably someone will buy the bank or they will have to sell the assets in the market which may cause uninsured depositors to lose a little portion of their money. Sure some companies need quick access to funds to make payroll but that can also be fulfilled by FDIC giving back funds in parts to every depositors once they start selling the assets. In worst case scenario too, this would be a minor event. No need of bailouts, and no need of screaming at the government (Biden/yellen/jpow) , they are doing their job just fine. VCs that are spreading fud about bank runs/economic collapse should be ashamed, btw I noticed most of these VCs have a personal Vendetta against current government , who knows about their main motive
1.) Who will buy the assets. Those assets at the market price will sell for 60 cents on the dollar. Big problem 2.) If the govt won't bail out and the assets prices will not cover for deposits, ppl are actually fu*ked. 3.) Most of the money of depositors is uninsured 4.) Most companies are in need of cash at least in 2 weeks to a month. It can turn into a major major event. Not "minor" I don't see how you can't notice all this
And btw if Fed had really done their job well, they would not be shitting their pants right now trying to control inflation. They were sleeping at the wheel
So got the latest news or not? As I was saying unnecessary panic was being created when govt was working in background to resolve it
I wish this brings down the housing price more