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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Tell me again how this was not a bailout for the wealthy? This bank was subsidizing loans for the rich as a recruitment tool. Where were these loans for the poor?

“Silicon Valley Bank was also deeply entangled in the personal finances of high net worth tech executives. It offered low-interest loans to investors and start-up founders who banked with it, so they were able to secure such loans — which traditional banks declined — for multimillion dollar homes, said three people who banked with Silicon Valley Bank.

Austin Petersmith, an investor and vice president of growth at Vendr, a software subscription company, tweeted his thanks last week to Silicon Valley Bank for giving him a mortgage for his home.

“Without SVB, my family literally wouldn’t be sitting in this home today,” he wrote, adding that 15 banks and lenders had rejected him for a mortgage while Silicon Valley Bank “approved us in less than a week.” He did not respond to a request for comment.

One start-up founder, who spoke on the condition of anonymity because he was not comfortable revealing his personal finances, said Silicon Valley Bank gave him a $4 million loan for his San Francisco home with an interest rate of 2.2 percent, while other banks were offering rates of 3 percent and higher.”[/quote]

The irony is that the same people that they did these favors for are the ones that killed it.

But today is about Credit Suisse.  Global banker to the corrupt.[/quote]

Shut up fool[/quote]

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