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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So are all the SVB execs going to get golden parachutes? Will there be any repercussions?[/quote] SVB execs and shareholders get nothing. No “bailout” is being proposed. Depositors need access to their deposit accounts to make payroll and operate their businesses. They didn’t assume any risks in their cash accounts. Watch there be a run on other smaller banks starting tomorrow morning. [/quote] They assumed risk by being above insurance limits. [/quote] How many businesses have more than $250k per account? Most need more than that just to meet their payroll demands on 3/15. These are not consumer accounts. I know my firm’s operating accounts all by necessity have significantly more than $250k per account and that we couldn’t make payroll if we were locked out of our cash on Friday. [/quote] Corporations manage this risk with a treasurer. Just because you are too lean to act like a responsible company, that’s how it unfolds. [/quote] Good point. Small businesses and entrepreneurship are overrated. [/quote] Exactly. They should chalk this up a “break things” lesson, pivot to a lean stance, and treat their failure as a success. It’s the tech way, if they have a good idea and execution, this will not keep them down. [/quote]
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