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“It’s the governments fault the bank mismanaged the money given to them” is certainly one perspective. If it were true why aren’t all banks facing the problem S
by afavour 4y ago
“It’s the governments fault the bank mismanaged the money given to them” is certainly one perspective. If it were true why aren’t all banks facing the problem SVB has?
- strbean 4y agoOther banks have diversity of depositors. SVB didn't implode on their own, Thiel decided all the startups he backed should withdraw their deposits. Then other VCs followed the trend. SVB was what, $2B short on their balance sheets, out of >$200B assets? VC initiated bank run is the only real issue here. Waiting to see how this all benefits Thiel.
- tinco 4y ago1% is a wildly different number from the 20-30% I've seen mentioned here. What makes you say they're only 2B short?
- deleted 4y ago[deleted]