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We're not, we're bailing out startup companies. You know, the main audience of this social media platform we're on?
by jsutton 4y ago
We're not, we're bailing out startup companies. You know, the main audience of this social media platform we're on?
- Ekaros 4y agoI don't think anyone involved with those is exactly in poverty. So there is lot more deserving people around the globe.
- jsutton 4y agoWe're not talking about poverty. We're simply talking about restoring the bank deposits of early stage companies.
- BaseballPhysics 4y agoAlso it's not "bailing out" in this case. SVB has a liquidity problem. What they need is a couple billion short term debt (which they just about got before things blew up) to support cash outflows while they unwind their bond positions. This is not the same as tax payer money going straight into the pockets of creditors ala FDIC insurance.