Emergency credit line for SVB customers

Re:Emergency credit line for SVB customers by startupsfail on Saturday March 11, 2023 @02:54AM (#35106384)

There could be a bailout though. A massive fire in Silicon Valley caused by the Fed tweaking interest rates doesn’t look like a good thing, so we’ll likely see a fire brigade coming along and pouring some money in.

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Re:Emergency credit line for SVB customers by rnk on Saturday March 11, 2023 @10:01PM (#35116001)

I really hope it's not the fed though, or any federal authorities. They shouldn't invent a new higher level of FDIC protection. They should allow losses here even if they want to do that. Just covering all of the losses which of course they could do, that's a bad precedent.

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Re:Emergency credit line for SVB customers by startupsfail on Sunday March 12, 2023 @05:39AM (#35118300)

They’ve stepped in, so they should attempt to manage the thing to maximize the wealth generation long term. This is not a zero-sum game.

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