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martythemaniak
on March 12, 2023
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Yellen says government will help SVB depositors bu...
Indeed. The bank was trying to raise money and recapitalize itself several days before this and instead of investing, VCs panicked, told their portcos to withdraw immediately, and started a bank run.
onlyrealcuzzo
on March 12, 2023
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Right, they told their clients to run for the exits, caused a collapse on their uninsured deposits - and now expect a handout (and will get it).
teawrecks
on March 12, 2023
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By and large, the ones who ran aren't the ones who were hurt.
cheeseblubber
on March 12, 2023
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The VC's who told their portfolio companies to withdraw will be fine. The ones who didn't cause the bank run will be hurt the most.
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