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Silicon Valley Bank collapse recap + Wist CEO on capturing XR memories | E1697
This Week in Startups
Silicon Valley Bank and Signature Bank
No losses will be borne by the taxpayers. Instead, the money will come from fees that banks pay into the deposit insurance fund. If the bank is taken over by FDIC, the people running the bank should not work there anymore. Third, investors in the banks will not be protected. They knowingly took a risk and when the risk didn't pay off, investors lose their money. That's how capitalism works. And fourth, there are important questions of how these banks got into the circumstance in the first place.
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