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Political Discussion
Reply to "SVB Bank Run: Fed Calling Emergency Meeting "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Turns out that being a bank for tech startups and venture capitalists is not easy money. Business models for investing and losing money for several years for a possible big payoff down the road are fine when interest rates and inflation are low, not so much when they are high. As a poster above said, the bank made stupid long-term investments and the tech bro depositors panicked and started a run on the bank. [/quote] Thiel got his funds $$ out all of it …. Which little bird alerted him? Thieves.[/quote] Anyone reasonably knowledgeable who bothered to look at their year end financials could have seen this was a troubled bank that was near insolvent if their securities were marked to market.[/quote]
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