4 ms·
To be clear to bail out the bank means to bail out the creditors. The creditors in this case are the depositors, which disproportionately are VC backed startups
by JackFr 4y ago
To be clear to bail out the bank means to bail out the creditors. The creditors in this case are the depositors, which disproportionately are VC backed startups. This would be a bailout, not of employees and founders but of the wealthy investor class.