2 ms·
The SVB investors which were many millionaires, did lose 100% of their investment. The depositors, regardless of wealth, were lied to about the safety of their
by yazaddaruvala 3y ago
The SVB investors which were many millionaires, did lose 100% of their investment.
The depositors, regardless of wealth, were lied to about the safety of their funds. It was roughly fraud - it wasn't their fault - they didn't take excess risk. How is it a bailout to let them keep their money?