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Message
re: Bill Ackman: Government has 24 hours to fix Silicon Valley Bank debacle
Posted on 3/12/23 at 1:48 pm to DCtiger1
Posted on 3/12/23 at 1:48 pm to DCtiger1
quote:
Roku had over 500 million in cash deposits at SVB. Zip recruiter, Shopify, the list goes on and on.
And? Perhaps they should have better diversified their account holdings.
2
Posted on 3/12/23 at 2:54 pm to Smalls
quote:
Perhaps they should have better diversified their account holdings.
Spreading out these accounts over 2000 banks?
Posted on 3/12/23 at 3:34 pm to Smalls
quote:
And? Perhaps they should have better diversified their account holdings.
You people are fricking Idiots. These companies did nothing wrong. The bank made poor investment choices and the Fed raising the rates as quickly as they did caused this. It isn’t like Roku was investing in speculative trades, their money was simply on deposit with this bank.
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