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LOL @ VCs everywhere trying to make SVB systematic by inducing bank runs at other banks... Truly the scummiest grifters of em all.
The amount of watch for the bankruns on monday if we dont get bailed out takes from em is too damn high. The irony of them starting the bankrun when they realized SVB was in trouble seems totally lost on them. Or the fact that instead of withdrawing 42 bios making a few calls and getting 2 to 3 bios in liquidity for SVB would have solved the problem entirely...
Even if peter thiel would not have told his pofo companies to withdraw it would probably have been enough to avoid all this. But no these libertarian fucks ofcourse firts had the notion of every man by them selfes and then when they realized shit we have losses now they try to make the state pay for it.
I can only repeat from an asset perspective this shit is not systematic, but ofcourse if peter, jason and co succeed in stoking fear all over america then it will become systematic pretty fucken fast. My hope is still that most of middle america wont give a fuck about some VC bank that they never have heard of and it remains a mailnly cali problem.
The amount of watch for the bankruns on monday if we dont get bailed out takes from em is too damn high. The irony of them starting the bankrun when they realized SVB was in trouble seems totally lost on them. Or the fact that instead of withdrawing 42 bios making a few calls and getting 2 to 3 bios in liquidity for SVB would have solved the problem entirely...
Even if peter thiel would not have told his pofo companies to withdraw it would probably have been enough to avoid all this. But no these libertarian fucks ofcourse firts had the notion of every man by them selfes and then when they realized shit we have losses now they try to make the state pay for it.
I can only repeat from an asset perspective this shit is not systematic, but ofcourse if peter, jason and co succeed in stoking fear all over america then it will become systematic pretty fucken fast. My hope is still that most of middle america wont give a fuck about some VC bank that they never have heard of and it remains a mailnly cali problem.