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The equityholders in SVB will get wiped out. The folks getting made whole are those with (supposedly safe) bank accounts. They were not taking wild risks. They
by necubi 4y ago
The equityholders in SVB will get wiped out. The folks getting made whole are those with (supposedly safe) bank accounts. They were not taking wild risks. They were putting their money in a bank. Just because some asshole VCs have money in that bank as well you think all of the other small businesses and their employees should be thrown to the wolves?