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To be fair, he is dealing with a slightly more sophisticated clientele than the masses that typically make a run on a bank who would (hopefully) realize that th
by leoh 4y ago
To be fair, he is dealing with a slightly more sophisticated clientele than the masses that typically make a run on a bank who would (hopefully) realize that their shared success is contingent upon rational, pareto-optimal behavior; which is to say — if folks make a run on SV Bank, it’s pretty much going to be a shit show as to who comes out on top/who doesn’t.
- boringg 4y agoI agree and said something similar elsewhere but i think whats becoming clear is that a bunch of VCs are so selfish (and clearly not that thoughtful) that this behavior might undermine the collective of the bank.
- headsoup 4y agoWhy would the clientele be slightly more sophisticated?
- garyrob 4y agoClassic tragedy of the commons.