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That's to my point though: there's not going to be a fire sale.
by WalterSear 4y ago
That's to my point though: there's not going to be a fire sale.
- grey-area 4y agoWell let’s hope not, and let’s hope they arrange an orderly process by 9AM Monday. Friday was not great and appeared to take them by surprise.
- WalterSear 4y agoWell, not everyone, given that the CEO's been selling shares :)
- grey-area 4y agoBy them I meant the authorities who intervened midday which is unusual I think? I do feel the svb ceo/cfo etc should face consequences for their actions, bonuses should be clawed back, but really those are not the important actions here - providing stability to the entire banking system and making sure hundreds of businesses do not close at once because of a bank run are far more important. Otherwise there is significant systemic risk.