Don’t worry. The FDIC has $125B in reserves to ensure more than $9T in deposits.

Everything’s going to be fine!

Women can make very good Fortune 50 CEOs. But those women who do that are more manly than most of the men you know.

https://youtube.com/watch?v=NRor2EmYZ0s&feature=shares

Kari Lake would be a terrible pick.

Here is Silicon Valley Bank's Head of Risk Management. This "queer person of color and 1st generation immigrant" presided over one of the worst banking collapses in US history. As our country becomes more diverse, events like these will become more common.
@OfficialPurePolitics

Lehman Brothers had a CFO with the last name “Gentile.” No wonder they died.

It’s time to bail out SVB!

https://twitter.com/BillAckman/status/1634564398919368704

I can also relate to this take.

Remember who Biden’s new Chief of Staff is. These tech geeks are blowing up his phone this weekend.

Bannon, funded by CCP intel operative Miles Kwok, criticizes Elon Musk for being too close to China

https://twitter.com/gc22gc/status/1634591442244100096?s=20

All bailouts have their upsides. A bailout of SVB has quite a lot of potential upsides. The downsides are ones of moral hazard and, at least for Biden, bad political optics.

Not doing a bailout has very few upsides and quite a lot of potentially enormous downsides.

Biden’s Chief of Staff, Kamala’s husband and countless others in close proximity to power have massive business and personal entanglements with Silicon Valley Bank.

That’s why an eventual government rescue should surprise no one.

They want us to believe that these startup founders are so brilliant and capable that without their inventions, the world will stop spinning.

At the same time, they also admit that these startup founders were too inept to spread their cash across more than one bank and do their own in-house treasury management.

You can’t have it both ways.