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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

Is there a lesson to a small business owner here? Bank only with too big to fail banks?[/quote]

So I guess we should expect a run on small banks tomorrow? No big deal. [/quote]

Why would it be a big deal? Most consumers are below $250k so this will hardly be bread lines [/quote]

And the consumers who were dumb enough to work for smaller businesses who don’t have a Treasurer don’t deserve to get paid next week. They should known better than to work someone who kept their cash deposits at SVP, Signature Bank, and whoever comes next.  [/quote]

We have unemployment insurance for that.  No economic actor (from the individual to the largest corp) has a right to be indemnified against all risk.  The Fed's move to provide liquidity is to prevent systemic impacts.  [/quote]

But let me guess, you want all your student loans wiped away, right?[/quote]

No, I paid mine. But yes, I think nobody should end up with student loans that consume a significant portion of their income. That's just stupid for the economy and nation in so many ways. [/quote]

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