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.
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.
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.
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.
Let these tech geeks go to the homes of the SVB execs and demand that they forfeit their bonuses and stock sale profits.
https://www.thedrive.com/the-war-zone/hundreds-of-aircraft-headed-to-the-boneyard-in-new-usaf-budget
The Drive
Hundreds Of Aircraft Headed To The Boneyard In New USAF Budget
The Air Force is seeking to retire 310 aircraft, including another attempt to cut dozens of F-22 Raptors, while only buying 95 new planes.