[HN Gopher] SVB's Loans to Insiders Tripled to $219M Before It F...
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       SVB's Loans to Insiders Tripled to $219M Before It Failed
        
       Author : mfiguiere
       Score  : 3 points
       Date   : 2023-03-21 22:27 UTC (34 minutes ago)
        
 (HTM) web link (www.bloomberg.com)
 (TXT) w3m dump (www.bloomberg.com)
        
       | alecco wrote:
       | https://archive.ph/RlUop
       | 
       | > Loans to officers, directors and principal shareholders, and
       | their related interests, more than tripled from the third quarter
       | last year to $219 million in the final three months of 2022,
       | according to government data.
       | 
       | So much for the interest rates and dumb executives narrative...
        
         | ldjkfkdsjnv wrote:
         | That narrative was basically the same as Sam Bankman Fried
         | claiming he didnt know about fraud at FTX
        
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       (page generated 2023-03-21 23:02 UTC)