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fach | 3 years ago

> If I gambled away all your money you'd never give me more again

Apart from the arguing about the definition of gambling here applied to the SVB situation, no one is going to be able to give SVB another dime after this. They no longer exist. This is the exact opposite of risk free.

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machina_ex_deus|3 years ago

Really? https://www.svbsecurities.com/team/joseph-gentile/ Joseph Gentile would like a word with you. I'm sure this guy had absolutely no experience with having MBS blow up in his face as interest rates rise.

It's sad you're actually satisfied with a fictitious corporate entity "dying" when these people have perfected the art of making hostage situations with other people's money. It's all continuing because they get to successfully trade the hostages for a bailout each time. This guy is a professional Madoff, the only difference between them is that this guy is abusing bank's priviledge to get the government to backstop his ponzies.

fach|3 years ago

Again, what bailout? It seems like unless people are brought up on federal charges, you would be unsatisfied with the result.