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"I'm not really sure why there is so much anger" Maybe because you are one of the beneficiaries?

• fancyfredbot 4y ago
  To be clear I wasn't trying to say people shouldn't be angry with VCs. I'm expressing some doubt that the reason for the anger is SVB's collapse or their hypocrisy around it. Whether you like VC or not, they aren't responsible for the SVB's investment choices or its undercapitalization and so the outflow of anger following SVB collapse feels misplaced. (Edited for clarity)
  • FollowingTheDao 4y ago
    Yes, the hypocrisy is part of it, so I have no doubt hypocrisy was the trigger for the expression of the anger. People are angry everyday because we are being kicked out of housing and looking at rising process of everything else and we get zero bailouts.
    • fancyfredbot 4y ago
      I think that being angry with bailouts for people who don't need them is a lot more understandable than anger at hypocrisy. I don't think any taxpayer money will go to rich VCs though, and I hope the losses on SVB's assets will be absorbed entirely by equity/bond holders.
      • vgatherps 4y ago
        equity/bondholders are completely wiped out by this process I'm pretty sure
• anon291 4y ago
  Never ask a man to question the source of his paycheck
• dang 4y ago
  "Please respond to the strongest plausible interpretation of what someone says, not a weaker one that's easier to criticize. Assume good faith." https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html Edit: you've been breaking the site guidelines a great deal and we've already warned you a bunch of times. If this keeps up, we're going to have to ban you.