4 ms·
Exactly, none of them are pointing out what percentage of the money that is currently tied up was going to be sent out as payroll for people making under 100k/y
by gitfan86 4y ago
Exactly, none of them are pointing out what percentage of the money that is currently tied up was going to be sent out as payroll for people making under 100k/year over the next 30 days.
If the Fed came out and said "We have reviewed all the depositors and their situations and we are funding 100% of payroll and basic operating costs needs for the next 90 days" The VCs would immediately come up with another reason why ALL depositors need to be made whole immediately.
- deleted 4y ago[deleted]
- bob1029 4y ago> The VCs would immediately come up with another reason why ALL depositors need to be made whole immediately. What do we think the end-goal of these VCs is? Hypothetically, why would someone want to see a run on SVB? How could you benefit from all of this?
- remote_phone 4y agoTheir goal isn’t to see a run on SVB. But to save their investments they all told their startups to pull their money which cause svb to collapse. Now they want the rest of their money safe which is why they want a bailout.