Silicon Valley stakeholders that we're getting you know white glove service they were made whole. Mark Cuban had eight to ten million dollars sitting in a deposit account there he probably would take a five percent haircut it doesn't really matter to him but that's still a significant subsidy for somebody who was taking risk. Matt: A lot of banks would have had to manage their risk more carefully and they would have been forced to focus on the safety of their uninsured deposits now they don't have to. We'll find out by the way Matt do you think we will find out in time the inner workings of banks like these?
UnHerd's Freddie Sayers meets Matt Stoller to discuss the case against the Silicon Valley Bank collapse.
Read the Post here
Hosted on Acast. See acast.com/privacy for more information.