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What he did was the right thing to do. He realized SVB was having significant issues receiving/sending funds and protected himself and the companies he's involv
by Kranar 4y ago
What he did was the right thing to do. He realized SVB was having significant issues receiving/sending funds and protected himself and the companies he's involved with by withdrawing all his capital from the bank. He also publicly informed others of the issues and recommended they do the same.
I'm not exactly sure what actions people think he should have taken. Thiel is not responsible for the poor risk management on the part of SVB.