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A bank that had a rather cavalier approach to a particular class of risks that the founders and VCs benefited from personally (mortgages, personal loans and oth
by cbzbc 4y ago
A bank that had a rather cavalier approach to a particular class of risks that the founders and VCs benefited from personally (mortgages, personal loans and other wealth management services at highly discounted rates).
- listenallyall 4y agoWe're talking about a BANK here -- state & federally regulated, licensed, accredited -- not some equity investment. Bank depositors should not have to vet a risk profile before opening an account. Do you know the primary risks of the banks you do business with? Which industries they make the most loans to? What investments they've made? Do they hold the minimum deposit reserves, or more?