Post ATaq7hH1k4GAITA1Lc by scott@typetura.social
 (DIR) More posts by scott@typetura.social
 (DIR) Post #ATanGadLV0OWRm9I5g by seldo@alpaca.gold
       2023-03-14T02:34:20Z
       
       0 likes, 0 repeats
       
       Hear me out: it's possible for a badly run bank to fail because it was badly run without proving anyone's thesis on the left or the right. It was a very badly run bank and it's dead now.
       
 (DIR) Post #ATanU2IbwzMC0yrVYm by danciruli@hachyderm.io
       2023-03-14T02:35:46Z
       
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       @seldo ah but how could I miss an opportunity to point out that I'm always right?
       
 (DIR) Post #ATaq7hH1k4GAITA1Lc by scott@typetura.social
       2023-03-14T03:06:16Z
       
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       @seldo hear me out: safeguards have existed to ensure sound banking practices that reduce customer risk.If a lettuce company had a massive E. coli outbreak after FDA testing was cancelled, you’d want that testing back right? Yes that company should fail, but it shouldn’t put people at risk while failing. Especially if that risk is invisible to the customer.
       
 (DIR) Post #ATb70M0o5mZPY5eryK by isntitvacant@hachyderm.io
       2023-03-14T06:15:23Z
       
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       @seldo I'm still stuck on the combo of:1. certain VC funding being contingent upon a deposit at SVB,2. beyond the FDIC insured amounts (?!),3. with a whisper network between most of those customers,4. on which the folks who set the contingency demand told said customers to pull out their funds in a hurryMaaaybe I'm not understanding those points correctly, but that certainly seems like taking Chekov's gun off the wall to shoot one's own foot off?