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  1. prinCZess

    Silicon Valley Bank closes

    The fact Congress has just entirely ceded its spending authority to bureaucratic agencies and/or those agencies have usurped the role by using the apparently-magic words 'systemic risk' should see the Treasury Secretary, FDIC board, Federal Reserve chairmen, and congresspeople getting imprisoned...
  2. prinCZess

    Silicon Valley Bank closes

    I feel a slight twinge of guilt at the (potential) schadenfreude, but...
  3. prinCZess

    Silicon Valley Bank closes

    I'd agree with this one. I think fears of another bailout are overhyped currently, and I very much doubt those calling for one will be getting their way. Perhaps ESPECIALLY when this bank seems to have been very squarely focused upon big-money clients instead of the likes of JP Morgan and such...
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