Predictably, #SVB has been sued for fraud by the shareholders. This banking crisis is handled differently from the 2007 one: there’s no bailout for the shareholders or execs, just guarantees to the depositors. Sounds more fair to me!
Shareholders are meant to hold the execs to account surely.
@zleap yeah, justice being served!
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The whole silicon valley bubble needs to burst, regardless of the cost, that way we can start fresh perhaps.
@zleap Rigged systems need to be dismantled, but generally, availability of venture capital is good for innovation and progress, and is net positive for the society.