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Re:SVB chief pressed Congress to weaken risk regulations by belter on Sunday March 12, 2023 @09:57AM (#35120083)
Nice try to transform the US government into a VC of last resort. We should be reminded that 90% of startups fail.

"106 Must-Know Startup Statistics for 2023 - Embroker" - https://www.embroker.com/blog/startup-statistics/#:~:text=03....

Re:SVB chief pressed Congress to weaken risk regulations by ianai on Sunday March 12, 2023 @10:49AM (#35120654)
I didn't say the US should bail the bank out. The USG should act to ensure the depositors of the bank are made whole because otherwise the market would get even more concentrated. The quip about buying the startup banking sector underscores the 'cheapness' of the purchase for any bank or entrant. All the USG need do is act as a matchmaker and maybe some kind of clearing house.