The Longstanding Rules of the Game

SVB's depositors are mainly the portfolio companies of venture capital firms, meaning the main purpose of the bailout is to keep the VC firms whole. Tom Woods: SVB chose to focus on ESG bean counting rather than its core business of managing risk and returns in accordance with prudential banking practices. This would have been an appropriate outcome given that it was a single bank that forced startups to concentrate their deposits in one place before they could be rebuilt. Do you know who should get bailed out? Call us at tips@dailymail.co.uk or call 1-800-273-8255.