Post ATaEcdeTSfENmbSGIq by zleap@qoto.org
 (DIR) More posts by zleap@qoto.org
 (DIR) Post #ATaEbCZ4gX1tU5FC1w by alasaarela@equel.social
       2023-03-13T20:05:54Z
       
       0 likes, 1 repeats
       
       Predictably, #SVB has been sued for fraud by the shareholders. This banking crisis is handled differently from the 2007 one: there’s no bailout for the shareholders or execs, just guarantees to the depositors. Sounds more fair to me!https://www.reuters.com/legal/silicon-valley-bank-parent-ceo-cfo-are-sued-by-shareholder-fraud-2023-03-13/
       
 (DIR) Post #ATaEcdeTSfENmbSGIq by zleap@qoto.org
       2023-03-13T20:07:08Z
       
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       @alasaarela Shareholders are meant to hold the execs to account surely.
       
 (DIR) Post #ATaEkPXNp1xGKBqPAW by alasaarela@equel.social
       2023-03-13T20:08:32Z
       
       0 likes, 1 repeats
       
       @zleap yeah, justice being served!
       
 (DIR) Post #ATaEuKFEM5rAnz55l2 by zleap@qoto.org
       2023-03-13T20:10:20Z
       
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       @alasaarela HSBC has bailed out the UK arm of SVB,  not sure if that is a good or bad thing but they are putting the interests of the British businesses first doing that.
       
 (DIR) Post #ATaExqcqQ8HG6Lo1pY by zleap@qoto.org
       2023-03-13T20:10:58Z
       
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       @alasaarela The whole silicon valley bubble needs to burst,   regardless of the cost,  that way we can start fresh perhaps.
       
 (DIR) Post #ATaFDH0ebjMSH2IXfU by alasaarela@equel.social
       2023-03-13T20:13:44Z
       
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       @zleap Rigged systems need to be dismantled, but generally, availability of venture capital is good for innovation and progress, and is net positive for the society.