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Phil Davis's avatar

I just read that Harry, you know, the black sheep prince, has (had) all his money in the bank. And Opra has (had) 500 million deposited in various accounts in SVB. It must be the WOKE bank.

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Jimychanga's avatar

They are about to be made whole. This is a feudal system and some are more equal than others.

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Phil Davis's avatar

There will be a bail-in, so yes, you are right.

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Jimychanga's avatar

Coming eventually. Not needed this time

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Jack Bergeron's avatar

They may have been the ones who withdrew their money leading to the collapse.

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Phil Davis's avatar

From my reading, most are trappedтАФbillions due to Illiquid assetsтАФlots of public companies amounting to billions. Many start-ups can't make payroll. A few rich tech guys are loaning cash to them to get by.

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aj's avatar

like Theil? who did get his out of there.....

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Peter ЁЯФТ's avatar

yeah that is sus. Who says 1.7% over 10 years is a good investment? SVB!!

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Joe Van Steenbergen's avatar

And just so, "they" are talking about a bailout to make depositors whole. Do you think they would do that if only no-name depositors were affected?

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