Urgent: Sign the petition now

Post by fbdab103 » Sun, Mar 12, 2023, 12:03 AM UTC

fshbbdssbbgdd wrote: post #108

owlglass wrote: post #18

They're asking to "be made whole," but are "not asking for a bailout." What exactly do they want, then?

The most plausible idea would be some other bank buys SVB. Depending on the current state of SVB’s balance sheet (which is not publicly known), other banks may be willing to pay as little as $0 or there may be no takers.

Post by bigtex » Sun, Mar 12, 2023, 12:03 AM UTC

AlchemistCamp wrote: post #72

dougmwne wrote: post #14

I honestly can’t think of a sector less deserving of a bail out.

Why is that? This is small and medium sized venture-backed startups, a sector that’s taken a tiny fraction of US investment but represented a major portion of its GDP growth. They did nothing wrong and were failed by their bank. Why are small tech startups building something new less deserving than say, giant banks that knowingly took extreme risks in 2008, or giant auto businesses that refused to modernize and truly…

Post by WalterSear » Sun, Mar 12, 2023, 12:03 AM UTC

garry wrote: post #90

nocoiner wrote: post #8

LOL, nope. Not interested in taking another spin on the “privatize gain, socialize loss” merry-go-round. The banks had to be saved in 2008 because they were, like, the financial system. I don’t see why private companies and funds that are much less integral to the functioning of the economy as a whole should be saved by the public fisc. Sorry about your disruption.

These are depositors of a bank. Most startups only have one bank. Startups should live or die because they create good products and solve real problems in real markets, not because they made an arbitrary choice like which bank they started using. There's also a real risk of bank contagion if it is only safe to deposit in the largest banks.

Post by gremlinsinc » Sun, Mar 12, 2023, 12:03 AM UTC

garry wrote: post #90

nocoiner wrote: post #8

LOL, nope. Not interested in taking another spin on the “privatize gain, socialize loss” merry-go-round. The banks had to be saved in 2008 because they were, like, the financial system. I don’t see why private companies and funds that are much less integral to the functioning of the economy as a whole should be saved by the public fisc. Sorry about your disruption.

These are depositors of a bank. Most startups only have one bank. Startups should live or die because they create good products and solve real problems in real markets, not because they made an arbitrary choice like which bank they started using. There's also a real risk of bank contagion if it is only safe to deposit in the largest banks.

Post by drexlspivey » Sun, Mar 12, 2023, 12:04 AM UTC

blagie wrote: post #92

I'm 100% in support of a bailout... ...with the federal government taking equity in return, at the last valuation, diluting existing owners. That would let the businesses keep running, without the "privatize gain / socialize loss" merry-go-around.