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A comment on Anxiety Strikes $8T Mortgage-Debt Market After SVB Collapse. Parent comment

Re:Anxiety Strikes $8T Mortgage-Debt Market After SVB Collapse by pjc50 on Tuesday March 21, 2023 @11:25AM (#35247563)
Google for "insured cash sweep". https://www.cbhou.com/Resources/Customer-Corner/entryid/237/...

The specific problem for SVB was that many VCs got their companies to agree not to do this, specifically to keep all the money in SVB.

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Re:Anxiety Strikes $8T Mortgage-Debt Market After SVB Collapse by Pet_Ant on Tuesday March 21, 2023 @11:43AM (#35247819)
> specific problem for SVB was that many VCs got their companies to agree not to do this

What was in it for the VCs???

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Re:Anxiety Strikes $8T Mortgage-Debt Market After SVB Collapse by pjc50 on Tuesday March 21, 2023 @12:20PM (#35248390)
I have not yet heard a specific explanation for this, although there has to have been some quid pro quo.
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