4 ms·

they knew about SVB beforehand.

• astrange 4y ago
  You can't know about a bank run beforehand. It dies when it dies, it's kind of a surprise that way. (Being insolvent isn't actually enough to kill a bank as long as the run doesn't start. Of course, here the bank dies when the regulator decides it dies anyway.)
  • latchkey 4y ago
    > You can't know about a bank run beforehand. Explain the selling of stock by the executives then.
    • astrange 4y ago
      They didn't know there would be a bank run either. They weren't working off private information, you could read their financial statements too. …but that's not enough to make a bank fail, it's just bad news for shareholders.
• dang 4y ago
  See what I mean?