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ishjoh | 3 years ago

> big brother stepped in and saved you True. People should be very thankful the government did this to allow people to keep getting paid and to keep these businesses solvent.

But depositors didn't cause the initial problem, which was a large hole on the balance sheet of SVB. That was done by bad investments made by SVB. That was not the fault of tech companies but bankers.

> Seems like tech is systemically risky and should be highly regulated. This goes beyond tech businesses because the risk is there are lots of small businesses with high cash deposits in bank accounts. If the same thing happened to a different sector would you also call for highly regulating their industry because they had high deposit amounts in their bank accounts?

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