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by kasey_junk 1182 days ago
I don’t think the depositors should be blamed for attempting to get their money out of the bank once it became insolvent, but they certainly weren’t blameless in their own risk management prior to that.

Roku keeping half a billion dollars at svb without doing capitalization audits, or venture firms steering portfolio companies there without recommending backup banks is a business failure plain and simple. Those actions deserve scrutiny and the decision makers deserve blame.

1 comments

> Roku keeping half a billion dollars at svb without doing capitalization audits, or venture firms steering portfolio companies there without recommending backup banks is a business failure plain and simple

One hundred percent. I was more attacking this conspiratorial line around so and so's tweets prompting the run.