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A comment on SVB shows that there are few libertarians in a financial foxhole. Parent comment

Re:SVB shows that there are few libertarians in a financial ... by fnordpiglet on Monday March 13, 2023 @04:35PM (#35142144)
I agree 100% up to the point of the necessity of a bank run. I think they faced some serious quarterly losses for some time to come, but many banks see that without a run on the bank. That’s why I suspect someone large and influential in the startup world operated a bank run whisper campaign for their personal benefit. I’ve no proof, but I’ll wager $5 on it.
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Re:SVB shows that there are few libertarians in a financial ... by psychlops on Monday March 13, 2023 @04:50PM (#35142353)
It's entirely possible, but they wouldn't have been a random target. They put themselves into a very precarious position with the unhedged bets they made and the very selective client base they held. Consider that (nearly) all other banks weathered the storm just fine so far through correct risk management.
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