Quote:
Originally Posted by RickFLM4
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? |
this is slowly us seeing who has been swimming naked... the managent of the last 10 yrs w low rates was an absolute tragedy