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Want do you want them to do, ring a giant bank run bell?
by jahewson 4y ago
Want do you want them to do, ring a giant bank run bell?
- Phlarp 4y agoWhat would you call it if a VC was sending group chats to founders telling them to withdraw from a specific bank? Seems like ringing a bank run bell to me. My understanding is that insider knowledge on the risk literally precipitated the run as more and more founders were trying to move all their money out at the same time.
- HWR_14 4y agoWell, Silvergate called the government and began unwinding. At some point, voluntarily starting the process makes sense instead of trying to hold on a little longer.