2 ms·
It doesn't seem likely that SVB would have had to close their doors to depositors without the run on deposits from people like Thiel.
by mcguire 4y ago
It doesn't seem likely that SVB would have had to close their doors to depositors without the run on deposits from people like Thiel.
- mrguyorama 4y agoOr they could have properly diversified like a functional financial institution they would have had diversified enough investments that they could fix a liquidity problem with minimal balance sheet losses or their depositors would be different enough people to not run on the bank from one rich guy on twitter pitching a fit. SVB bet it all on red and the ball landed on black. Everything after that point is not useful information.