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> People are not discussing how incestuous I think everyone would be served by a frank examination and critical review of buddy-buddy networks and "incestuous"
by walrus01 4y ago
> People are not discussing how incestuous
I think everyone would be served by a frank examination and critical review of buddy-buddy networks and "incestuous" relationships in the finance industry generally. Not just SVB and VCs.
- plussed_reader 4y agoAnd now you're identifying the problem of analyzing the incumbent money and power structures; witness the corrupted speed at which an entity like UBS is absorbing DebitSuisse and the like within the banking industry consolidating at breakneck speed ahead of regulatory framework processes. Smells of that too big to fail BS all over again.
- kneebonian 4y agoThe details may be different but the whole "bailing out people who had more than $250k in SVB", reeked to me of the big people with money and power getting bailed out, while the small people get screwed again.