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I can't see that happening in today's political climate. Imagine the stories juxtaposing coddled tech workers against the cost of the bailout.

• bagacrap 4y ago
  And what is the cost of the bailout, oh sage? > As of December 31, 2022, Silicon Valley Bank had approximately $209.0 billion in total assets and about $175.4 billion in total deposits I have a hard time believing they lost 20% of their assets in the last 70 days. The shortfall, if any, should be minor.
  • lyrrad 4y ago
    I think the asset figure did not include unrealized losses on bonds that they intended to hold to maturity as banks are not required to deduct those from their total assets. As deposits flowed out of the bank, they sold some assets and realized those losses. The FT reported a couple weeks ago that they had an unrealized loss of $15B in bonds: https://www.ft.com/content/0387e331-61b4-4848-9e50-04775b4c3fa7 https://www.ft.com/content/0387e331-61b4-4848-9e50-04775b4c3... I think we'll have a much better idea of the shortfall, if any, over the weekend as the FDIC tallies up the remaining assets and deposits.
    • weard_beard 4y ago
      AKA the inversion of long and short term treasury absolutely screwed them and JPow announcing additional rate hikes was the nail in the coffin.