SVB chief pressed Congress to weaken risk regulations

Re:SVB chief pressed Congress to weaken risk regulations by ftxbagholder123 on Wednesday March 15, 2023 @10:07PM (#35177304)

Which contagion though? The average person has between $5-6k in their bank accounts. There was certainly lots of talk on Twitter about this thing spreading -- and it's very possible that it might have -- but it was not a given. The loudest arguments for contagion came from the same people who had the biggest incentives to see SVB "bailed out". Hardly a coincidence. Just look at how vocal otherwise libertarian David Sachs was.

I don't think there is an official definition of bagholder as far as I'm aware.

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Re:SVB chief pressed Congress to weaken risk regulations by ddorian43 on Thursday March 16, 2023 @03:59AM (#35179354)

> Which contagion though?

Many people out of a job on Monday(including me). Many other banks getting a bank run.

You should do therapy on the damage of the hype of crypto. For your own sake.

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Re:SVB chief pressed Congress to weaken risk regulations by ftxbagholder123 on Sunday March 19, 2023 @12:14PM (#35220429)

I felt really stupid and angry after the collapse of FTX as you know, and truthfully, I could probably have used some professional therapy at the time. But at this point, I'm trying to look forward instead, and to me that is likely having an equally good (and positive) effect on my mental health as therapy would have had. Hopefully you can do the same as you search for the next chapter. Best of luck.

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Re:SVB chief pressed Congress to weaken risk regulations by ddorian43 on Monday March 20, 2023 @03:32AM (#35228376)

> But at this point

It's also the reasons why you had to invest in it in the first place. Not just that it failed.

I only give advice on things I believe & do myself. I did the similar thing with leveraged etfs and know well the why & aftermaths.

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