Quote:
Originally Posted by ASAP
bill ackman is advocating for a government bailout of depositors lmao... get ready to socialize some losses if this happens... and here we go again
|
He’s not the only one. The irony pointed out is pretty remarkable. VCs have a lot to lose if their portfolio companies still have uninsured funds on deposit. Should be an incentive to figure out a solution this weekend. They have extensive connections to sources of capital and banks. Hopefully something more constructive is proposed than just having gov’t bear the entire burden.
Investors implore the government to step in after Silicon Valley Bank failure
https://www.cnbc.com/2023/03/11/sili...ment-aid.html?