4 ms·
$100k is also like one pay cycle for a 10 person start up. The $10-20 billion in bailout sounds like a lot but it's not much compared to the market cap that ba
by treis 4y ago
$100k is also like one pay cycle for a 10 person start up.
The $10-20 billion in bailout sounds like a lot but it's not much compared to the market cap that banks are losing. Charles Schwab alone lost 30-40 billion in market cap because of SVB and bounced back up 10-15 on the bailout. The Fed action was to protect banks. A bunch of tech bros getting bailed out was a side effect of that.