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It's indirect. Softbank gave money to startups. Startups put the money in SVB. If the startups hadn't been made whole then softbank would have seen many of it'

• refulgentis 3y ago
  That doesn't really hold water. Its an argument that creates a bailout of whoever we want, as long as they're within 6 degrees of SVB. [^1] A huge rhetoric win, a loss for understanding. [^1]: https://en.wikipedia.org/wiki/Six_Degrees_of_Kevin_Bacon https://en.wikipedia.org/wiki/Six_Degrees_of_Kevin_Bacon
  • candiddevmike 3y ago
    If startups couldn't make payroll, what do you think would happen here?
    • refulgentis 3y ago
      Does asking this advance the discussion, or is it a passive-aggressive way to continue signalling you believe “seized the bank and sold it, keeping deposits whole” means “SoftBank bailout”?
      • renewiltord 3y ago
        If you really think about it, it was a bailout of the American people. And that's why it was good and an example of socialist praxis. After all, startups take venture capital money from the rich and spend it primarily on t-shirts and catering - which primarily comes from small businesses who hire local unskilled labour. Marx would be proud of the FDIC for their work.