Yellen says government will help SVB depositors but rules out bailout

Re:Yellen says government will help SVB depositors but rules... by wpietri on Sunday March 12, 2023 @04:14PM (#35125624)

Normally I'd think that an unfair point. We can't generally expect workers to evaluate the financial soundness of their employers. But we are talking about startups here. Everybody going in knows that most startups fail. Hopefully everybody has an exit plan.

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Re:Yellen says government will help SVB depositors but rules... by theGnuMe on Sunday March 12, 2023 @05:32PM (#35126551)

> We can't generally expect workers to evaluate the financial soundness of their employers.

Why not? It’s like fundamental…

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Re:Yellen says government will help SVB depositors but rules... by wpietri on Sunday March 12, 2023 @07:33PM (#35128158)

Because it's a problem requiring graduate-level finance knowledge? Because it's so difficult that even the professionals find it challenging? Because the companies that go under were often working to hide that even from other sophisticated players?

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Re:Yellen says government will help SVB depositors but rules... by theGnuMe on Monday March 13, 2023 @10:47AM (#35136416)

I don't think it is that complicated. I am surprised at the high balances in SVB though from companies that should've known better.

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Re:Yellen says government will help SVB depositors but rules... by wpietri on Monday March 13, 2023 @12:57PM (#35138558)

If you think you can reliably tell the financial soundness of companies, don't post here about it. Go trade their stocks. You'll either make a mint or you'll have a very valuable lesson.

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Re:Yellen says government will help SVB depositors but rules... by theGnuMe on Monday March 13, 2023 @02:00PM (#35139737)

I thought we were talking about companies that you choose to work for?

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Re:Yellen says government will help SVB depositors but rules... by wpietri on Tuesday March 14, 2023 @02:49PM (#35156575)

If you can do this with a company before taking a job, then you can certainly do it with other companies.

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