4 ms·
It seems to me like too much of the current situation has jurisdictional gaming. We complain that banks no longer want to take the risk of their traditional rol
by roundandround 4y ago
It seems to me like too much of the current situation has jurisdictional gaming. We complain that banks no longer want to take the risk of their traditional role in small business loans and have a lot of economic distortion from that.
Silicon Valley apparently had better access to a bank that took risks and SVB seems to be the bank of over half of tech and public health startups..
Other jurisdictions should feel a bit cheated if their regulators didn't help their small business get the most out financing and FDIC bailouts.. Internationally, other countries have to question why they aren't giving some kind of handouts to gain more of the startup scene for occasional crises.
Really a fine mess.