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> I wonder if this is all a ploy to corner the Fed into not raising rates next week. Like, I think a lot of people benefit from the easy money we've had and the
by 01100011 4y ago
> I wonder if this is all a ploy to corner the Fed into not raising rates next week. Like, I think a lot of people benefit from the easy money we've had and they want to get back to it.
I've been thinking the same thing. Does anyone know why SVB blew up last week and not 2 months ago or next month? We're heading into a pivotal FOMC meeting where inflation indicators are showing that the fed would likely have to tighten further, and, strangely enough, the bank of the industry most dependent upon cheap money has a bank run instigated by folks in that industry.
- s1k3 4y agoBlew up last week because they had to sell stock and explain why. Which is what she’s light on their liquidity crunch.
- kerblang 4y agoScene: Big Meeting Of Venture Capital Conspiracy Club Honcho 1: Guys, here's the game plan: We tell all our startups to pull their money out of SVB, triggering a run on the bank, triggering other runs all the way out to Credit Suisse! Honcho 2: Just how much crack have you smoked today? Honcho 1: No, see, this will convince the fed to stop raising interest rates! Honcho 2: Oooooh. And then we can borrow more Easy Money! Honcho 3: From who? Honcho 1: Hmmm Honcho 2: Fuck
- timmg 4y agoI suspect it was more: "never let a good crisis go to waste".