Re:FDIC Takes over Silicon Valley Bank
by boosting6889 on Friday March 10, 2023 @01:48PM
(#35099073)
Why couldn’t they just say they’re doing a funding round to finance international expansion so they can support entrepreneurs all over the world or some similar corporate bullshit we hear nonstop?
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Re:FDIC Takes over Silicon Valley Bank
by KptMarchewa on Friday March 10, 2023 @02:48PM
(#35099876)
Because, as described in the link, the gap between deposits and liabilities is likely to be over 25B.
Re:FDIC Takes over Silicon Valley Bank
by FireBeyond on Friday March 10, 2023 @03:21PM
(#35100369)
Because most of the potential investors are sophisticated enough to realize they wouldn't be 'investing' as plugging holes in what would be rapidly turning into a Ponzi scheme.