5 ms·
SVB catered primarily to businesses - the last thing we need right now is every business worrying about where their bank deposits are. If they do worry, it may
by initplus 4y ago
SVB catered primarily to businesses - the last thing we need right now is every business worrying about where their bank deposits are. If they do worry, it may trigger more runs as they all try to move their funds to “safer” banks.
- paganel 4y agoAnd then why shouldn’t be the whole banking system be nationalized? Businesses are capitalists by detonation (especially those based in the Bay), doing business comes with risks, managing risk is one of the basis of capitalism.