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What greater penalty for a bank or any other corporation is there than what has already happened to SVB? The shareholders are wiped out. The only thing left wou
by creato 4y ago
What greater penalty for a bank or any other corporation is there than what has already happened to SVB? The shareholders are wiped out. The only thing left would be pursuing individual executives for… something, but aside from possible insider trading it’s not clear what.
- thallium205 4y agoDamn bank executives buying risky treasury bonds! Arrest them! /s
- subsistence234 4y agopoor me I'm just a lil smol bean executive who didn't understand why the other banks didn't take the same risks and I didn't want to ask either.
- thallium205 4y ago$640B with of other banks did this too. https://www.cnn.com/2023/03/12/investing/stocks-week-ahead/index.html https://www.cnn.com/2023/03/12/investing/stocks-week-ahead/i...
- thallium205 4y agoOther banks did take similar risks. Why do you think the fed setup a facility large enough to serve the entire country to prop them up? The only risk is trying operate in a broken banking system.
- thallium205 4y agoCase in point: First Republic Bank needed a $70B loan this morning to not go the way of SVB.