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by firstlink 1201 days ago
This has been repeated ad nauseam but it does not pass the smell test. If SVB were solvent then it would not be in receivership.
2 comments

It’s a cash flow issue. Cash flow kills plenty of profitable businesses.
It’s a true solvency issue. They could have announced this before the bank collapsed and it still would have collapsed eventually because assets were less than liabilities
The rules was setup that FIDC can take over when they smell something wrong before it is proven true insolvent.