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> SVB is insolvent primarily due to incompetence And yet nobody knows who the fools running the bank were. We don't have their names all over the news. It's as
by markdown 4y ago
> SVB is insolvent primarily due to incompetence
And yet nobody knows who the fools running the bank were. We don't have their names all over the news. It's as if SVB was run automatically, with no humans at the helm.
The rich really get to destroy lives without consequence.
- twblalock 4y agoThe only people getting "destroyed" by this are shareholders in SVB.
- kristjansson 4y agoYou can go lookup up the officers of the company, if you want to burn them in effigy or something. What are you really excoriating them for though? Destroying some capital? No one’s lives have been destroyed behind this mess
- thephyber 4y ago“Nobody knows” Oh really? How sure are you that the CEO’s name, stock trades, and employment history aren’t being repeated by every major news outlet? He’s already being painted as bogeyman, even before anyone has proven that he has done anything wrong.