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A comment on The World’s Empty Office Buildings Have Become a Debt Time Bomb. Parent comment

Re:The World’s Empty Office Buildings Have Become a Debt Tim... by mynameishere on Monday June 26, 2023 @12:19PM (#36481814)
Their assets were worth less than they owed depositors. An auction would have caused a 30 percent or so loss to many millionaires.
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Re:The World’s Empty Office Buildings Have Become a Debt Tim... by yazaddaruvala on Monday June 26, 2023 @01:40PM (#36483046)
The SVB investors which were many millionaires, did lose 100% of their investment.

The depositors, regardless of wealth, were lied to about the safety of their funds. It was roughly fraud - it wasn't their fault - they didn't take excess risk. How is it a bailout to let them keep their money?

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