people running svb were dumb dumbs, no bailout https://twitter.com/lulumeservey/status/1634232322693144576 https://apnews.com/article/silicon-valley-bank-bailout-yellen-deposits-failure-94f2185742981daf337c4691bbb9ec1e
That’s what happens when you don’t invest in PR
The bank, no. Depositors, probably should
In other news, Biden will be sending another 6 million to Ukraine :)
Blame Jay Ersaph, SVB, Head of Risk Management (woke mob)
The people involved in making these dumb decisions should be blacklisted from financial institutions
Like this guy?
svb securities is a different company. there’s talk they may buy svb
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Don't they have enough assets to cover for all funds ?
From what I understand, 80 to 90%. Could take years to get it all liquidated though.
Why will it take years to get it liquidated?