4 ms·
What happens if Thiel is discovered to have had insider information about the impending closure of the bank? In between the very specific timed messages on Wedn
by FireBeyond 4y ago
What happens if Thiel is discovered to have had insider information about the impending closure of the bank? In between the very specific timed messages on Wednesday, to get funds out on Thursday, and for Brex to have an application up and running by Friday afternoon to be ready to take loan apps for people, it certainly doesn't seem out of the realm of possibility.
Does his fiduciary duty to LPs outweight the insider information? IIRC its actually illegal to encourage or push a bank run.