Hacker News new | ask | show | jobs
by garry 1199 days ago
We are asking for new regulation that would prevent this from occurring.
2 comments
DrBenCarson 1199 days ago
Losing your business is a powerful way to learn a lesson.

Don't ask taxpayers to fix your mistakes for you.

link
davidgerard 1199 days ago
That rule already exists. It's Basel III, and SVB was one of those who lobbied to have it removed for particular US banks in 2018. As you well know.

Here's the explainer for everyone else: https://archive.is/gmJxU

link