3 ms·
The effects would trickle down, no? If your payroll money was in SVB and you lost it, your workers won’t get paid?
by easton 4y ago
The effects would trickle down, no? If your payroll money was in SVB and you lost it, your workers won’t get paid?
- rhaway84773 4y agoThe government intervention was the right move. The point is how fascinating it was to see several otherwise loud Uber-libertarian SV VCs suddenly, and once again loudly, discover socialism and the necessity of government intervention when their own money was at risk. If their response to this is that, maybe there is a balance to be struck and there is an important role for government regulation, in certain cases, fair enough. And maybe the fact that people they know, who did nothing wrong still suffered, and needed the government to step in to help them, might indicate that there are substantially poorer people who may also be in a bad shape either due to no fault of their own, or due to minor misjudgments becoming magnified due to circumstances who could also do with help from the govt, such as, maybe, the homeless. But I’m not optimistic that will be the case.
- titzer 4y agoBecause rhetoric is just rhetoric. The only rule is rule #1: look out for number #1, and a dose of hypocrisy with a whole lotta bluster is the antidote to ever having to deal with the consequences of your actions or that darned hard-knock life comin' a knockin.
- sputr 4y agoSure, but zooming out a bit - by caving in, you make this part of "the plan". For banks and their customers. But if companies knew that no such bailout is incoming, they would act differently.