But they did nothing wrong... they just deposited money in a bank account.
Risk management at SVB and some of these other banks obviously made big mistakes, they shouldn't be compensated, or helped.
But the companies banking there shouldn't learn any "lesson"
If you got 10m in funding for your start up would you go look for 20 banks and balance those accounts so you stay under 250k in each?
Likely not... but you probably wouldn't stick it in a single bank either.
Just saying, easy to point fingers, but the real stories are a bit different.
itsLiran / Liran Cohen
npub148…kk9ay
2023-03-13 02:28:17
in reply to nevent1q…ry4n
Author Public Key
npub148jmlutaa49y5wl5mcll003ftj59v79vf7wuv3apcwpf75hx22vs7kk9ayPublished at
2023-03-13 02:28:17Event JSON
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