Bank run on Silicon Valley Bank

Post by MrMan » Thu, Mar 09, 2023, 10:13 PM UTC

ticviking wrote: post #93

chollida1 wrote: post #82

Earlier quoted context omitted.

I assume you are trolling, but in case you are not. How would you provide loans to help get businesses started? How would you provide loans to people to buy their first homes? How would you provide loans so people can afford to go to school? How would you provide loans to buy a vehicle so people can get to/from their job before they get a paycheck? How would farmers afford to buy land, equipment and plant crops befor…

Savings. Frugality. Only consuming what we can actually afford. Investment with real skin in the game. If you have to take on much higher risk to get returns we will find ourselves being more careful about those returns actually happening.

Post by boringg » Thu, Mar 09, 2023, 10:14 PM UTC

ericpauley wrote: post #58

I'm really curious why banks like this are popular in the first place. I get why startups would want to lend from them, but what is the advantage of parking cash in a "startup-focused" bank? The rest of the business is exciting/risky enough, wouldn't you want your banking to be as boring as possible?

Post by antibasilisk » Thu, Mar 09, 2023, 10:15 PM UTC

recursive wrote: post #79

jbverschoor wrote: post #18

Wouldn’t be surprised if some tech or crypto whales stated this, to show that banks aren’t more “save” than crypto

Don't think it will work. Banks accounts are federally insured.

Post by dylan604 » Thu, Mar 09, 2023, 10:15 PM UTC

ncallaway wrote: post #78

FormerBandmate wrote: post #60

Earlier quoted context omitted.

This is how every bank has always worked since banks were invented

Yes, but it’s pretty much always been problematic when a bank leader has had to make a statement akin to “We’re fine as long as there’s not a run”. That’s the kind of thing that only gets said when there’s some concern that there will be a run.

Post by grumple » Thu, Mar 09, 2023, 10:15 PM UTC