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I worry that... given how much high risk free rates must be hurting VCs, it was rational for them to crash a bank to force the fed to ease policy. I'm not sayi
by shubb 4y ago
I worry that... given how much high risk free rates must be hurting VCs, it was rational for them to crash a bank to force the fed to ease policy.
I'm not saying they deliberately did that. I'm just saying it would have been a smart reason to do the thing that they did.
The VCs will benefit hugely from the consequences of these events, forget the compensation.
This is what they call moral hazard.