[bigiain]

> The government created this mess by lowering the regulations on community banks[1]. They should be the ones to clean it up.

When the bank that just failed was one of the groups lobbying for that lowering of regulations, I’m kinda all for the government telling them “You got what you asked for.”

https://www.theguardian.com/business/2023/mar/11/silicon-val...

I feel a lot of sympathy for customers of SVB who’re wondering how the fuck they’re gonna make payroll next week, or even if they’re going to survive this at all. But I have zero sympathy for SVB and it’s leaders - I’d like to see them be required to pay out every account holder in full from whatever “protected” wealth or assets they have. If any single customer is not fully made right, and the company leaders and directors are not all destitute homeless, they should go to jail.

[darkerside]

SVB did a poor job managing risk with its overweight long term bond investments. That doesn't seem to merit personal property seizure and jail time to me, especially considering how much innovation they've helped create in the past few decades. But maybe I've just gone soft.

[muzz]

I doubt any company will miss payroll this week

FDIC Races to Return Some Uninsured SVB Deposits Monday https://www.bloomberg.com/news/articles/2023-03-11/fdic-race...

[xedrac]

Many companies missed payroll this week. But they'll likely all make up for it next week.

[bagels]

Many companies tried to do payroll on Friday though?

[muzz]

How many?