3 ms·
Can we just cut through the bull and admit the only reason the federal government is even considering this is because all the super wealthy who own all the star
by gsibble 4y ago
Can we just cut through the bull and admit the only reason the federal government is even considering this is because all the super wealthy who own all the startups and who had a lot of their own money in SVB are Democrats? If these people were all Republicans, we wouldn't be having this discussion.
That doesn't make me comfortable.
- gsibble 4y agoI think the downvotes prove my point.
- startupsfail 4y agoNah, Dems are too skittish to support their investments. If the Republicans investments were at stake the bank would have gotten their instant help, direct from taxpayers. Plus the setup would work in such a way that it’s only the taxpayers in the Democratically voting states that would actually see the increase of their taxes.
- FireBeyond 4y agoOne of the single biggest customers of SVB (well, was, until they took out $42B) is Peter Thiel and his funds and startups. That was close to 20% of the bank's total deposits. And very very very far from Democrat.